Investors in Blue Owl Capital Corporation (OBDC) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $3 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Blue Owl Capital Corporation (OBDC) reported second-quarter 2024 earnings per share (EPS) of 48 cents, which beat the Zacks Consensus Estimate by a penny. The bottom line remained flat year over year. The total investment income of Blue Owl Capital amounted to $396.8 million, which increased 0.6% year over year. Also, the top line beat the Zacks Consensus Estimate by 2%. Blue Owl Capital's better-than-expected second-quarter results were supported by growing investment income, strong portfolio performance, ...

For the quarter ended June 2024, Blue Owl Capital Corporation (OBDC) reported revenue of $396.76 million, up 0.6% over the same period last year. EPS came in at $0.48, compared to $0.48 in the year-ago quarter. The reported revenue represents a surprise of +2.04% over the Zacks Consensus Estimate of $388.84 million. With the consensus EPS estimate being $0.47, the EPS surprise was +2.13%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectation ...

Financial Position - Total assets as of June 30, 2024, amounted to $13,866,620,000, an increase from $13,511,396,000 as of December 31, 2023[9] - Total liabilities increased to $7,872,336,000 from $7,490,003,000, showing a rise in financial obligations[9] - Net assets decreased to $5,994,284,000 from $6,021,393,000, indicating a slight decline in overall net worth[9] - Cash and cash equivalents decreased to $377,914,000 from $658,702,000, indicating a reduction in liquidity[9] - Net asset value per share as of June 30, 2024, was $15.36, down from $15.45 at the end of 2023[9] Investment Performance - Total investments at fair value reached $13,341,982,000, up from $12,713,348,000, reflecting a growth in investment portfolio[9] - Total investment income for Q2 2024 was $396,760, a slight increase from $394,223 in Q2 2023, representing a 0.4% growth[11] - Net investment income after taxes for the six months ended June 30, 2024, was $371,899, compared to $364,536 for the same period in 2023, reflecting a 2.3% increase[11] - The company reported a net increase in net assets resulting from operations of $122,220 for Q2 2024, down from $195,562 in Q2 2023, indicating a decrease of 37.4%[11] - Earnings per share for Q2 2024 were $0.31, compared to $0.50 in Q2 2023, representing a decline of 38%[11] Operating Expenses - Total operating expenses for Q2 2024 were $205,216, slightly up from $205,167 in Q2 2023, showing a marginal increase of 0.02%[11] - Management fee payable increased to $48,005,000 from $47,711,000, indicating higher management costs[9] Economic Outlook - The company anticipates potential impacts from economic downturns and market volatility on future performance[4] Investment Strategy - The company is actively managing its investment portfolio with a focus on senior secured loans, which are generally considered lower risk compared to unsecured loans[32] - Blue Owl Capital Corporation's diversified investment strategy includes a mix of loans across different maturity dates, enhancing its risk management profile[30] - The company is actively pursuing market expansion and strategic acquisitions to enhance its portfolio[60] Sector Investments - Blue Owl Capital's investment portfolio includes a first lien senior secured loan to Spotless Brands, LLC with an amortized cost of $47,171,000 and a fair value of $47,877,000, accounting for 0.8% of net assets[14] - The investment in Rocket BidCo, Inc. (dba Recochem) amounts to $193,567,000, with a fair value of $193,550,000, contributing 3.2% to net assets[18] - The investment in Food and Beverage sector shows an amortized cost of $415,235, with a fair value of $418,016, representing 6.9% of net assets[24] - The total fair value of investments as of June 30, 2024, reflects a diversified portfolio across various sectors, indicating strategic market positioning by Blue Owl Capital Corporation[33][34] Equity Investments - Total non-controlled/nonaffiliated portfolio company equity investments amounted to $648,039,000 with a fair value of $777,751,000, representing 12.9% of net assets[53] - The fair value of equity investments in non-controlled/nonaffiliated portfolio companies reached $821,525, accounting for 13.6% of net assets[89] Unrealized Gains and Losses - The estimated aggregate gross unrealized loss for U.S. federal income tax purposes is $434,600,000, while the estimated aggregate gross unrealized gain is $373,700,000[57] - The company reported a net estimated unrealized loss for U.S. federal income tax purposes of $60,900,000 based on a tax cost basis of $13,400,000,000[57] Recent Investments - The company has made significant investments in new technologies and products, including Alphasense, LLC and Blend Labs, Inc.[60] - The company holds a first lien senior secured loan to Access CIG, LLC with an amortized cost of $58,523,000 and a fair value of $58,760,000, accounting for 1.0% of net assets[65] - Blue Owl's investment in Hercules Borrower, LLC has an amortized cost of $173,628,000 and a fair value of $174,654,000, representing 2.9% of net assets[65] Summary of Financials - Total investments as of June 30, 2024, amount to $13,341,982,000, representing a 221.1% percentage of net assets[56] - The total controlled/affiliated portfolio company investments are valued at $1,604,264,000, which is 26.8% of net assets[56]

Merger of two high-quality, diversified portfolios with substantial investment overlap significantly enhances scale Will create second largest publicly traded BDC by total assets, with $18.4 billion of total assets on a pro forma basis at fair value NEW YORK, Aug. 7, 2024 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) and Blue Owl Capital Corporation III (NYSE: OBDE) today announced that they have entered into a definitive merger agreement, with OBDC as the surviving company, subject to certain s ...

Blue Owl Capital Corporation (OBDC) is set to report its second-quarter 2024 results on Aug 7, after the closing bell. The Zacks Consensus Estimate for second-quarter earnings is currently pegged at 47 cents per share, implying a decline of 2.1% from the year-ago reported number. The estimate remained stable over the past month. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at almost $388.8 million, suggesting a 1.4% fall from the year-ago actuals. Image Source: Zacks Investme ...

Blue Owl Capital Corporation (OBDC) , a business development company, is well-poised to grow on the back of strong credit performance, rising net investment income, strategic acquisitions and new investment commitments. Headquartered in New York, Blue Owl Capital has a market cap of $6.1 billion. Zacks Estimate Story: The Zacks Consensus Estimate for OBDC's 2024 earnings is pegged at $1.88 per share, which remained stable over the past week. Blue Owl Capital beat on earnings in three of the last four quarte ...

It has been about a month since the last earnings report for Blue Owl Capital Corporation (OBDC) . Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Blue Owl Capital Corporation due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Blue Owl C ...

Blue Owl Capital Corporation (OBDC) reported first-quarter 2024 earnings per share (EPS) of 47 cents, which missed the Zacks Consensus Estimate by 2.1%. However, the bottom line improved 4.4% year over year.The total investment income of OBDC amounted to $400 million, which increased 5.8% year over year. The top line beat the Zacks Consensus Estimate of $399 million.OBDC’s first-quarter earnings were impacted by higher interest expenses as a result of higher average rates. The ratio of total expenses to ave ...

Blue Owl Capital Corporation (OBDC) reported $399.58 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.8%. EPS of $0.47 for the same period compares to $0.45 a year ago.The reported revenue represents a surprise of +0.11% over the Zacks Consensus Estimate of $399.16 million. With the consensus EPS estimate being $0.48, the EPS surprise was -2.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...