Blue Owl Capital Corporation $OBDC Shares Acquired by TT Capital Management LLC

TT Capital Management LLC grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 20.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,900 shares of the company’s stock after buying an additional 69,839 shares during the period. Blue Owl Capital accounts for approximately 2.2% of TT Capital Management LLC’s holdings, making the stock its 8th biggest position. TT Capital Management LLC’s holdings in Blue Owl Capital were worth $4,394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in Blue Owl Capital by 440.0% in the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after purchasing an additional 2,200 shares during the period. AG Campbell Advisory LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Blue Owl Capital by 51.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company’s stock valued at $40,000 after purchasing an additional 1,093 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 102.7% during the first quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock valued at $90,000 after purchasing an additional 4,134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $96,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE OBDC traded up $0.20 during trading hours on Thursday, hitting $10.30. 2,799,338 shares of the company’s stock traded hands, compared to its average volume of 4,606,270. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50-day moving average is $11.04 and its 200-day moving average is $11.07. The company has a market capitalization of $5.08 billion, a PE ratio of 18.40 and a beta of 0.64. Blue Owl Capital Corporation has a 52-week low of $9.81 and a 52-week high of $13.57.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $396.00 million for the quarter, compared to analyst estimates of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. During the same quarter in the previous year, the firm earned $0.40 EPS. Equities analysts forecast that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 yield of 12.0%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 221.43%.

Analysts Set New Price Targets

Several research firms recently weighed in on OBDC. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.83.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.