Epiq Partners LLC Lowers Stock Holdings in Blue Owl Capital Corporation $OBDC

Epiq Partners LLC reduced its position in Blue Owl Capital Corporation (NYSE:OBDC) by 18.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 537,635 shares of the company’s stock after selling 123,226 shares during the quarter. Blue Owl Capital comprises approximately 2.5% of Epiq Partners LLC’s holdings, making the stock its 12th largest position. Epiq Partners LLC’s holdings in Blue Owl Capital were worth $5,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Next Capital Management LLC lifted its holdings in Blue Owl Capital by 407.0% during the 4th quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock worth $2,488,000 after buying an additional 160,221 shares in the last quarter. Tectonic Advisors LLC grew its stake in shares of Blue Owl Capital by 13.0% in the fourth quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock worth $12,975,000 after acquiring an additional 119,798 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Blue Owl Capital by 11.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock worth $47,665,000 after acquiring an additional 387,347 shares in the last quarter. Prairiewood Capital LLC increased its position in shares of Blue Owl Capital by 26.1% during the fourth quarter. Prairiewood Capital LLC now owns 471,602 shares of the company’s stock worth $5,862,000 after acquiring an additional 97,481 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its position in shares of Blue Owl Capital by 162.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 241,511 shares of the company’s stock worth $3,002,000 after acquiring an additional 149,609 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced 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. Wells Fargo & Company cut their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a report on Friday, July 24th. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Truist Financial decreased their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

Blue Owl Capital Price Performance

Shares of OBDC opened at $11.19 on Wednesday. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 15.98 and a beta of 0.62. The firm’s fifty day simple moving average is $10.96 and its 200-day simple moving average is $11.29. Blue Owl Capital Corporation has a twelve month low of $10.52 and a twelve month high of $14.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18.

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

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.