Y Intercept Hong Kong Ltd Invests $860,000 in Blue Owl Capital Corporation $OBDC

Y Intercept Hong Kong Ltd acquired a new stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 67,315 shares of the company’s stock, valued at approximately $860,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund A purchased a new stake in shares of Blue Owl Capital during the second quarter valued at about $218,884,000. OMERS ADMINISTRATION Corp bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $15,212,000. Bank of America Corp DE lifted its position in Blue Owl Capital by 4.3% during the second quarter. Bank of America Corp DE now owns 12,463,438 shares of the company’s stock valued at $178,726,000 after acquiring an additional 517,294 shares during the last quarter. Muzinich & Co. Inc. lifted its position in Blue Owl Capital by 34.1% during the third quarter. Muzinich & Co. Inc. now owns 1,951,061 shares of the company’s stock valued at $24,915,000 after acquiring an additional 495,628 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Blue Owl Capital by 38.8% in the second quarter. Corient Private Wealth LLC now owns 1,733,405 shares of the company’s stock worth $24,957,000 after purchasing an additional 484,327 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In related news, VP Neena Reddy purchased 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the transaction, the vice president owned 7,890 shares in the company, valued at $103,043.40. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 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, for a total transaction of $977,600.00. Following the transaction, the chief executive officer owned 41,600 shares in the company, valued at approximately $488,800. This represents a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Blue Owl Capital Stock Down 4.2%

OBDC stock opened at $11.64 on Monday. The company has a market capitalization of $5.95 billion, a P/E ratio of 8.25 and a beta of 0.67. Blue Owl Capital Corporation has a 12 month low of $11.65 and a 12 month high of $15.73. The firm’s fifty day simple moving average is $12.75 and its 200-day simple moving average is $13.23. 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 (NYSE:OBDC) last posted its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. As a group, equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 104.96%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada lowered their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Citizens Jmp dropped their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $14.56.

Blue Owl Capital Profile

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.