Focus Partners Advisor Solutions LLC Boosts Holdings in Blue Owl Capital Corporation $OBDC

Focus Partners Advisor Solutions LLC lifted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 168.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 102,307 shares of the company’s stock after acquiring an additional 64,159 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Blue Owl Capital were worth $1,236,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OBDC. BlueStem Wealth Partners LLC grew its holdings in shares of Blue Owl Capital by 2.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after purchasing an additional 837 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in Blue Owl Capital by 3.0% in the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after purchasing an additional 876 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in Blue Owl Capital by 2.6% during the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock valued at $455,000 after buying an additional 905 shares during the period. Avidian Wealth Enterprises LLC boosted its position in Blue Owl Capital by 2.3% during the third quarter. Avidian Wealth Enterprises LLC now owns 55,155 shares of the company’s stock valued at $704,000 after buying an additional 1,237 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Blue Owl Capital by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock valued at $1,981,000 after buying an additional 1,432 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $11.49 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.74. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 9.27 and a beta of 0.67. Blue Owl Capital Corporation has a 12 month low of $10.70 and a 12 month high of $15.36.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%.The company had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. As a group, equities analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 119.35%.

Blue Owl Capital declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 18th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Citizens Jmp decreased 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. Finally, Truist Financial lowered their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.06.

Blue Owl Capital Company 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.