Blue Owl Capital (OBDC)

• Market cap: $5.97B
• 1 day: 0.46%
• 5 days: 0.07%
• 1 month: 4.87%
• 3 months: 2.62%
• 6 months: -8.99%
• Year to date: 3.94%
• 1 year: 3.59%
• 5 years: -15.06%
• 10 years: -1.29%

About: Blue Owl Capital Corp is a specialty finance company and business development company (BDC) focused on providing direct lending solutions to U.S. middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and equity-related instruments. Its investment strategies are intended to generate favorable returns across credit cycles with an emphasis on preserving capital.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 148 | Existing positions reduced: 114

3% less call options, than puts

Call options by funds: $23.4M | Put options by funds: $24.2M

2% less funds holding

Funds holding: 379 [Q2] → 371 (-8) [Q3]

4.54% less ownership

Funds ownership: 44.42% [Q2] → 39.88% (-4.54%) [Q3]

15% less capital invested

Capital invested by funds: $2.66B [Q2] → $2.27B (-$388M) [Q3]

16% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 50

20% less funds holding in top 10

Funds holding in top 10: 20 [Q2] → 16 (-4) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14.50 5% downside
• Avg. target: $15.75 3% upside
• High target: $17 11% upside

2 analyst ratings

• positive: 1 50%
• neutral: 0 0%
• negative: 1 50%

RBC Capital Kenneth Lee 83% 1-year accuracy 45 / 54 met price target	11% upside $17	Outperform Reiterated	19 Nov 2024
Wells Fargo Finian O'Shea 56% 1-year accuracy 15 / 27 met price target	5% downside $14.50	Underweight Maintained	29 Oct 2024