Blue Owl Capital reports over $115 million in share purchases by insiders and repurchase program

Blue Owl Capital Corp (NYSE:OBDC) reported Tuesday that during November through today, executives and employees of Blue Owl Capital Inc., along with the company’s existing share repurchase program, purchased an aggregate of over $115 million in shares of the company’s common stock through open market transactions.

According to the statement, Blue Owl Capital Corp is authorized to repurchase up to $200 million of its common stock under its current share repurchase program. The purchases reported this week represent more than half of the total authorized amount. Trading at a P/E ratio of 9.53, the company has raised its dividend for three consecutive years and currently offers an impressive 11.78% dividend yield.

The company’s common stock is traded on the New York Stock Exchange under the symbol OBDC.

This information is based on a statement from a Securities and Exchange Commission filing.

In other recent news, Blue Owl Capital Corp. announced the termination of its planned merger with Blue Owl Capital Corporation II due to market volatility. The companies plan to explore other options in the future, as indicated in a press release. Previously, they had entered into a definitive merger agreement, which was expected to close in the first quarter of 2026, positioning Blue Owl Capital as the second-largest publicly traded business development company by total assets.

In terms of financial assessments, RBC Capital has lowered its price target for Blue Owl Capital to $14.00, maintaining an Outperform rating, following the company’s third-quarter results and considering the current interest rate outlook. Meanwhile, Citizens has reiterated its Market Outperform rating with a price target of $15.00, citing the company’s consistent performance and strong return on equity. Additionally, Clear Street initiated coverage on Blue Owl Capital with a Buy rating and a $15.00 price target, emphasizing the company’s diversification and scale advantages. These developments reflect the ongoing interest and analysis from financial institutions regarding Blue Owl Capital’s market position and future potential.

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