Squarepoint Ops LLC Sells 142,790 Shares of Blue Owl Capital Corporation $OBDC

Squarepoint Ops LLC trimmed its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 66.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 72,829 shares of the company’s stock after selling 142,790 shares during the period. Squarepoint Ops LLC’s holdings in Blue Owl Capital were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio increased its stake in Blue Owl Capital by 411.4% in the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after buying an additional 8,802,373 shares in the last quarter. Private Management Group Inc. increased its position in Blue Owl Capital by 5.5% in the second quarter. Private Management Group Inc. now owns 4,056,747 shares of the company’s stock worth $44,097,000 after purchasing an additional 212,119 shares during the last quarter. Sound Income Strategies LLC grew its position in Blue Owl Capital by 5.2% in the first quarter. Sound Income Strategies LLC now owns 3,976,748 shares of the company’s stock worth $42,790,000 after acquiring an additional 196,847 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in Blue Owl Capital by 71.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,085,234 shares of the company’s stock valued at $34,123,000 after buying an additional 1,284,222 shares during the period. Finally, Lalia Capital LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth about $37,991,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 1.8%

Shares of NYSE:OBDC opened at $11.15 on Friday. The company has a market capitalization of $5.50 billion, a PE ratio of 19.91 and a beta of 0.63. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital Corporation has a 12-month low of $10.52 and a 12-month high of $14.03. The business’s fifty day simple moving average is $11.21 and its 200-day simple moving average is $11.17.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. During the same period in the prior year, the business posted $0.40 EPS. As a group, equities research analysts predict that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio is presently 221.43%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a report on Friday, July 24th. Finally, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a business development company that provides financing to privately held, primarily U.S.-based middle-market companies. The company seeks to generate income and long-term capital appreciation by investing in businesses across a range of industries.

OBDC’s portfolio primarily consists of first-lien senior secured loans, with additional investments in second-lien loans and, to a lesser extent, equity interests and other securities. Its financing solutions may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

The company was formerly known as Owl Rock Capital Corporation and operates under an investment management agreement with an affiliate of Blue Owl Capital, a global alternative asset manager.