Blue Owl CapitalOBDC
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
2 analyst ratings
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 |
Financial journalist opinion
Based on 11 articles about OBDC published over the past 30 days