Blue Owl Capital Corporation $OBDC Stock Acquired by Lunate Capital Ltd

Lunate Capital Ltd lifted its position in Blue Owl Capital Corporation (NYSE:OBDC) by 103.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,444,536 shares of the company’s stock after buying an additional 1,244,292 shares during the period. Blue Owl Capital comprises 3.6% of Lunate Capital Ltd’s portfolio, making the stock its 7th largest holding. Lunate Capital Ltd owned about 0.50% of Blue Owl Capital worth $25,643,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 32.0% in the 3rd quarter. Sound Income Strategies LLC now owns 5,549,823 shares of the company’s stock worth $56,442,000 after acquiring an additional 1,345,081 shares during the last quarter. Generali Asset Management SPA SGR lifted its position in Blue Owl Capital by 0.6% in the 3rd quarter. Generali Asset Management SPA SGR now owns 4,377,778 shares of the company’s stock valued at $45,923,000 after acquiring an additional 25,984 shares in the last quarter. Private Management Group Inc. boosted its stake in Blue Owl Capital by 3.0% during the 3rd quarter. Private Management Group Inc. now owns 4,177,582 shares of the company’s stock valued at $43,823,000 after purchasing an additional 120,835 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Blue Owl Capital by 71.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,085,234 shares of the company’s stock valued at $34,123,000 after purchasing an additional 1,284,222 shares during the last quarter. Finally, Caz Investments LP boosted its stake in Blue Owl Capital by 45.3% during the 2nd quarter. Caz Investments LP now owns 1,633,305 shares of the company’s stock valued at $17,754,000 after purchasing an additional 509,000 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.2%

Shares of OBDC stock opened at $11.15 on Wednesday. Blue Owl Capital Corporation has a 12-month low of $9.81 and a 12-month high of $13.57. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $10.63 and its 200 day moving average is $11.11. The stock has a market capitalization of $5.46 billion, a P/E ratio of 16.40 and a beta of 0.66.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $392.06 million during the quarter, compared to analyst estimates of $383.82 million. Blue Owl Capital had a net margin of 20.79% and a return on equity of 9.40%. Research analysts expect that Blue Owl Capital Corporation will post 1.31 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $1.24 annualized dividend and a dividend yield of 11.1%. Blue Owl Capital’s dividend payout ratio is presently 182.35%.

Analyst Ratings Changes

OBDC has been the subject of several recent analyst reports. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research note on Friday, July 24th. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Raymond James Financial set a $11.00 price objective on Blue Owl Capital in a research report on Thursday, October 22nd. Finally, Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $12.17.

Blue Owl Capital Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a business development company that provides financing to middle-market businesses. It invests primarily in privately held U.S. companies, with a focus on lending and other credit investments. The company’s portfolio includes senior secured loans, unitranche and second-lien loans, and, to a lesser extent, equity investments. Its financing can support companies’ growth, acquisitions, recapitalizations, and other business needs. Originally established as Owl Rock Capital Corporation, the company is externally managed by Blue Owl Credit Advisors, an affiliate of alternative asset manager Blue Owl Capital.