Entropy Technologies LP Decreases Stake in Blue Owl Capital Corporation $OBDC

Entropy Technologies LP lessened its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 85.4% during the first quarter, HoldingsChannel reports. The fund owned 19,594 shares of the company’s stock after selling 114,878 shares during the period. Entropy Technologies LP’s holdings in Blue Owl Capital were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Blue Owl Capital by 166.0% during the 3rd 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth $30,000. AG Campbell Advisory LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $36,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.2%

Blue Owl Capital stock opened at $10.77 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 15.38 and a beta of 0.62. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.53. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $11.32.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $391.00 million during the quarter, compared to analysts’ expectations of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Analysts predict that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.5%. The ex-dividend date was Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 177.14%.

Analysts Set New Price Targets

OBDC has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a research report on Friday, July 24th. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Truist Financial dropped their target price on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Finally, Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

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.