Corient Private Wealth LLC Decreases Stock Holdings in Blue Owl Capital Corporation $OBDC

Corient Private Wealth LLC reduced its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 24.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,449,870 shares of the company’s stock after selling 468,617 shares during the quarter. Corient Private Wealth LLC’s holdings in Blue Owl Capital were worth $18,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of OBDC. Lalia Capital LLC bought a new position in Blue Owl Capital in the 4th quarter valued at $37,991,000. UBS Group AG boosted its holdings in shares of Blue Owl Capital by 40.6% in the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after buying an additional 2,463,080 shares during the last quarter. Private Management Group Inc. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $27,012,000. Wells Fargo & Company MN grew its position in Blue Owl Capital by 142.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock valued at $42,771,000 after buying an additional 2,022,806 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Blue Owl Capital during the third quarter valued at about $25,266,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.7%

Shares of Blue Owl Capital stock opened at $10.79 on Tuesday. The stock has a market capitalization of $5.36 billion, a P/E ratio of 15.42 and a beta of 0.62. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-week high of $15.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $11.71.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $391.00 million for the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. As a group, research analysts anticipate that Blue Owl Capital Corporation will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio (DPR) is 211.43%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several research reports. Wall Street Zen lowered shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.00.

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.