Argentarii LLC Acquires New Shares in Blue Owl Capital Corporation $OBDC

Argentarii LLC purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 48,000 shares of the company’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlueStem Wealth Partners LLC grew its stake in Blue Owl Capital by 2.5% in the third 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. Trust Investment Advisors lifted its stake in shares of Blue Owl Capital by 1.5% during the third quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock worth $765,000 after buying an additional 868 shares during the period. Perigon Wealth Management LLC increased its position in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock valued at $384,000 after acquiring an additional 876 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Blue Owl Capital by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock worth $455,000 after acquiring an additional 905 shares during the period. Finally, IFP Advisors Inc grew its holdings 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 acquiring an additional 929 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 1.4%

Shares of OBDC opened at $11.09 on Friday. Blue Owl Capital Corporation has a 12-month low of $10.70 and a 12-month high of $15.31. The firm has a market capitalization of $5.54 billion, a P/E ratio of 8.94 and a beta of 0.67. The firm has a 50-day moving average price of $11.64 and a 200 day moving average price of $12.45. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.26.

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

Blue Owl Capital announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio is 119.35%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OBDC. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Truist Financial lowered their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada decreased 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. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.06.

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.