Gilbert & Cook Inc. Cuts Stake in Blue Owl Capital Corporation $OBDC

Gilbert & Cook Inc. cut its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 90.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,612 shares of the company’s stock after selling 155,196 shares during the period. Gilbert & Cook Inc.’s holdings in Blue Owl Capital were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OBDC. IFP Advisors Inc increased its position in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after purchasing an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $30,000. Finally, Assetmark Inc. acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth $38,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 2.3%

OBDC opened at $11.18 on Friday. The firm’s 50 day moving average is $11.75 and its 200-day moving average is $12.52. Blue Owl Capital Corporation has a 52-week low of $10.70 and a 52-week high of $15.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $5.58 billion, a P/E ratio of 9.01 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The business had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. Analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital declared that its board has approved a stock buyback program on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders 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 yield of 13.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 119.35%.

Wall Street Analyst Weigh In

OBDC has been the topic of several research reports. Royal Bank Of Canada cut their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a research report on Monday, February 23rd. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial reduced their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $14.06.

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.