Rockefeller Capital Management L.P. Buys 589,524 Shares of Blue Owl Capital Corporation $OBDC

Rockefeller Capital Management L.P. grew its position in Blue Owl Capital Corporation (NYSE:OBDC) by 52.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,723,281 shares of the company’s stock after purchasing an additional 589,524 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Blue Owl Capital were worth $21,420,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its stake in shares of Blue Owl Capital by 25.0% in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Blue Owl Capital in the 1st quarter valued at about $6,641,000. EverSource Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 106.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after purchasing an additional 4,494 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Blue Owl Capital by 133.8% during the 2nd quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock worth $1,344,000 after purchasing an additional 53,613 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in shares of Blue Owl Capital by 24.1% during the second quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock worth $235,000 after purchasing an additional 3,200 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $10.79 on Tuesday. The company’s 50 day moving average price is $11.24 and its two-hundred day moving average price is $11.71. The firm has a market capitalization of $5.36 billion, a P/E ratio of 15.42 and a beta of 0.62. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $15.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24.

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

Blue Owl Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 211.43%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OBDC. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Wells Fargo & Company cut their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Truist Financial decreased their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital 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.