Blue Owl Capital Corporation $OBDC Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 7.2% in the second quarter, Holdings Channel reports. The firm owned 2,479,913 shares of the company’s stock after purchasing an additional 167,123 shares during the quarter. JPMorgan Chase & Co.’s holdings in Blue Owl Capital were worth $35,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SVB Wealth LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $40,000. Private Trust Co. NA raised its position in shares of Blue Owl Capital by 86.6% during the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after acquiring an additional 1,449 shares in the last quarter. Allworth Financial LP lifted its stake in Blue Owl Capital by 24,533.3% during the second 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 last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital in the first quarter worth $59,000. 42.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on OBDC. Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company dropped their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

Blue Owl Capital Trading Up 0.6%

Shares of NYSE:OBDC opened at $13.25 on Tuesday. The company has a 50 day moving average of $12.68 and a 200-day moving average of $13.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm has a market cap of $6.77 billion, a P/E ratio of 9.40 and a beta of 0.65. Blue Owl Capital Corporation has a twelve month low of $11.65 and a twelve month high of $15.73.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. As a group, analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is currently 104.96%.

Insider Buying and Selling at Blue Owl Capital

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

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.