Short Interest in Blue Owl Capital Corporation (NYSE:OBDC) Increases By 24.2%

Blue Owl Capital Corporation (NYSE:OBDC) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 13,892,933 shares, an increase of 24.2% from the December 15th total of 11,184,742 shares. Based on an average daily volume of 4,734,566 shares, the short-interest ratio is presently 2.9 days. Currently, 2.7% of the shares of the company are sold short. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 4,734,566 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent analyst reports. 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 on the stock in a research note on Monday, November 10th. Citizens Jmp decreased their price target on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada decreased their target price on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Blue Owl Capital Price Performance

OBDC traded down $0.11 during trading on Friday, reaching $12.62. The stock had a trading volume of 3,972,990 shares, compared to its average volume of 3,845,672. The business has a 50-day moving average of $12.68 and a 200-day moving average of $13.39. Blue Owl Capital has a one year low of $11.65 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $6.45 billion, a PE ratio of 8.95 and a beta of 0.67.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 104.96%.

Insiders Place Their Bets

In other Blue Owl Capital news, VP Neena Reddy acquired 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the purchase, the vice president owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Packer bought 83,200 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the acquisition, the chief executive officer directly owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

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

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.