Blue Owl Capital Corporation (NYSE:OBDC) Short Interest Up 24.2% in December

Blue Owl Capital Corporation (NYSE:OBDC) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 13,892,933 shares, an increase of 24.2% from the December 15th total of 11,184,742 shares. Based on an average trading volume of 4,734,566 shares, the days-to-cover ratio is presently 2.9 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average trading volume of 4,734,566 shares, the days-to-cover ratio is presently 2.9 days.

Blue Owl Capital Stock Down 0.9%

OBDC traded down $0.11 on Friday, hitting $12.62. The company had a trading volume of 3,972,990 shares, compared to its average volume of 3,845,672. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. Blue Owl Capital has a 52-week low of $11.65 and a 52-week high of $15.73. The stock has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $13.39. The firm has a market capitalization of $6.45 billion, a P/E ratio of 8.95 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The firm had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. As a group, equities analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.7%. Blue Owl Capital’s dividend payout ratio is 104.96%.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.56.

Insider Activity at Blue Owl Capital

In related news, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $13.06 per share, with a total value of $103,043.40. Following the purchase, the vice president directly owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Craig Packer acquired 83,200 shares of the stock in a transaction on Tuesday, November 18th. The stock was bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the transaction, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at approximately $488,800. The trade was a -200.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by company insiders.

Institutional Trading of Blue Owl Capital

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its position in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after buying an additional 929 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after purchasing an additional 1,320 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Blue Owl Capital during the third quarter valued at approximately $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. purchased a new position in shares of Blue Owl Capital during the second quarter valued at approximately $40,000. Institutional investors own 42.83% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit?investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first?lien senior secured loans, unitranche facilities, second?lien financings, mezzanine debt, and minority equity co-investments.