Blue Owl Capital Corporation $OBDC is Transcend Capital Advisors LLC’s 5th Largest Position

Transcend Capital Advisors LLC reduced its position in Blue Owl Capital Corporation (NYSE:OBDC) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,335,874 shares of the company’s stock after selling 49,690 shares during the quarter. Blue Owl Capital comprises about 2.0% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Transcend Capital Advisors LLC’s holdings in Blue Owl Capital were worth $29,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in Blue Owl Capital by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after acquiring an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at about $6,641,000. Truist Financial Corp lifted its stake in shares of Blue Owl Capital by 4.2% in the 2nd quarter. Truist Financial Corp now owns 76,889 shares of the company’s stock valued at $1,103,000 after purchasing an additional 3,094 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Blue Owl Capital by 41.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 26,837 shares of the company’s stock worth $385,000 after purchasing an additional 7,919 shares during the period. Finally, MAS Advisors LLC increased its position in Blue Owl Capital by 4.1% during the 2nd quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock worth $404,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OBDC shares. Wells Fargo & Company reduced their price target on shares of 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. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada reduced their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Finally, Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Two investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Insider Buying and Selling

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

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $12.00 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $12.75 and its two-hundred day moving average price is $13.24. The firm has a market capitalization of $6.13 billion, a P/E ratio of 8.51 and a beta of 0.67. Blue Owl Capital Corporation has a 12 month low of $11.65 and a 12 month high of $15.73.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results 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). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The business had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. On average, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 12.3%. Blue Owl Capital’s payout ratio is currently 104.96%.

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.