Squarepoint Ops LLC Buys 53,613 Shares of Blue Owl Capital Corporation $OBDC

Squarepoint Ops LLC increased its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 133.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 93,691 shares of the company’s stock after purchasing an additional 53,613 shares during the quarter. Squarepoint Ops LLC’s holdings in Blue Owl Capital were worth $1,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of OBDC. SVB Wealth LLC purchased a new position in Blue Owl Capital during the first quarter worth $28,000. First Horizon Advisors Inc. purchased a new stake in shares of Blue Owl Capital in the second quarter valued at $40,000. Private Trust Co. NA lifted its holdings in shares of Blue Owl Capital by 86.6% in the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after acquiring an additional 1,449 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Blue Owl Capital by 24,533.3% during the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock worth $53,000 after purchasing an additional 3,680 shares during the period. Finally, Bayforest Capital Ltd bought a new position in Blue Owl Capital during the 1st quarter valued at about $73,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

OBDC has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Wells Fargo & Company decreased their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Citizens Jmp reduced their target price 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. Finally, Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.56.

Blue Owl Capital Price Performance

OBDC opened at $12.63 on Friday. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 8.95 and a beta of 0.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Blue Owl Capital Corporation has a 12-month low of $11.65 and a 12-month high of $15.73. The business’s fifty day simple moving average is $12.78 and its 200-day simple moving average is $13.67.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data 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 business had revenue of $453.07 million during the quarter, compared to analysts’ expectations of $466.81 million. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.7%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, VP Neena Reddy acquired 7,890 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $13.06 per share, with a total value of $103,043.40. Following the completion of the acquisition, the vice president directly owned 7,890 shares in the company, valued at $103,043.40. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Craig Packer bought 83,200 shares of the stock in a transaction on Tuesday, November 18th. The shares were bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. This trade represents a -200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.11% of the company’s stock.

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.