GP Brinson Investments LLC Has $5.16 Million Stake in Blue Owl Capital Corporation $OBDC

by · The Markets Daily

GP Brinson Investments LLC raised its holdings in Blue Owl Capital Corporation (NYSE:OBDC – Free Report) by 20.0% during the third quarter, Holdings Channel reports. The institutional investor owned 404,249 shares of the company’s stock after buying an additional 67,417 shares during the quarter. Blue Owl Capital makes up about 2.1% of GP Brinson Investments LLC’s holdings, making the stock its 9th largest position. GP Brinson Investments LLC’s holdings in Blue Owl Capital were worth $5,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OBDC. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter worth about $734,619,000. State of New Jersey Common Pension Fund A bought a new stake in Blue Owl Capital during the 2nd quarter worth approximately $218,884,000. Bank of America Corp DE increased its holdings in Blue Owl Capital by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 12,463,438 shares of the company’s stock worth $178,726,000 after purchasing an additional 517,294 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Blue Owl Capital by 3.0% in the first quarter. Royal Bank of Canada now owns 7,608,871 shares of the company’s stock worth $111,546,000 after purchasing an additional 221,571 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Blue Owl Capital by 8.4% in the first quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock valued at $76,083,000 after purchasing an additional 403,784 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 0.7%

NYSE OBDC opened at $13.06 on Monday. The business’s fifty day moving average is $12.73 and its 200-day moving average is $13.73. 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 stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 9.26 and a beta of 0.65. Blue Owl Capital Corporation has a one year low of $11.65 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Equities research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.3%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 104.96%.

Analyst Ratings Changes

OBDC has been the topic of several analyst reports. Wells Fargo & Company cut their target price on 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. Citizens Jmp dropped their price objective on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th. 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 for the company in a research note on Wednesday, November 26th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

View Our Latest Stock Analysis on OBDC

Insider Buying and Selling

In other news, VP Neena Reddy bought 7,890 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $13.06 per share, with a total value of $103,043.40. Following the completion of the transaction, the vice president directly owned 7,890 shares of the company’s stock, valued at $103,043.40. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Craig Packer bought 83,200 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the purchase, the chief executive officer owned 41,600 shares of the company’s stock, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.11% of the company’s stock.

About Blue Owl Capital

(Free Report)

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.

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