Blue Owl Capital (OBDC)
Lends primarily senior secured capital to U.S. middle-market companies.
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Generates current income mainly through senior secured loans to U.S. middle-market companies. The publicly traded BDC is externally managed by Blue Owl Credit Advisors and holds a diversified private-credit portfolio.
Provides direct loans to U.S. middle-market companies, seeking current income and, to a lesser extent, capital appreciation. Senior secured, subordinated, and mezzanine loans sit alongside equity-related instruments, with first-lien debt forming most of the portfolio.
Blue Owl Credit Advisors, an affiliate of Blue Owl Capital, externally manages the BDC. Its relationship-oriented Credit platform pursues sizeable commitments for private-company borrowers and describes certainty, speed, and transparency as features of the process.
Investments are concentrated in the United States and spread across many industries. The BDC operates under Investment Company Act requirements, targets regulated-investment-company treatment, and relies on its external adviser and investment committees.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 24, 2026 | Capital One Financial | Target | Target: — | Target: $13 |
| May 19, 2026 | Truist Financial | Target | Target: $15 | Target: $13 |
| Feb 23, 2026 | Truist Financial | Target | Target: — | Target: $15 |
| Nov 26, 2025 | RBC Capital | Reiterate | Rating: —Target: $17 | Target: $14 |
| Oct 7, 2025 | Raymond James | Upgrade | Target: — | Target: $14 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $237.4M · Total debt $6.10B · Total assets $15.35B · Shareholders' equity $7.03B
- Revenue
- $401.3M
- Operating income
- $176.9M
- Net income
- $65.7M
HistoryDividendAnnual yieldUpcoming
| Institutions | 53.74% | 265.01M shares | |
|---|---|---|---|
| 444 holders · as of Jun 30, 2026 | |||
| Insiders | 6.59% | 32.48M shares | |
| 8 holders · as of Aug 31, 2026 | |||
| Other | 39.67% | 195.66M shares | |
| remainder | |||
493.14M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Regents of the University of CaliforniaInsider | 6.52% | 32.16M | filed Jan 27, 2022 |
State of New Jersey Common Pension Fund EInstitution | 5.83% | 28.74M | filed Jan 25, 2022 |
California State Teachers Retirement SystemInstitution | 3.33% | 16.45M | as of Jun 30, 2026 |
State of New Jersey Common Pension Fund AInstitution | 3.10% | 15.26M | as of Jun 30, 2026 |
Oregon Public Employees Retirement FundInstitution | 2.95% | 14.57M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Eric A. Kaye | director | +1,000 | $11.34 |
| Aug 20, 2026 | Logan Nicholson | officer: President | +3,000 | $11.29 |
| May 11, 2026 | Eric A. Kaye | director | +1,000 | $11.21 |
| Feb 25, 2026 | Eric A. Kaye | director | +1,000 | $11.91 |
| Feb 27, 2026 | Logan Nicholson | officer: President | +10,000 | $11.32 |
- Ares Capital
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- Blackstone Secured Lending Fund
First-lien private-credit lender to U.S. companies
- FS KKR Capital
Direct-originating lender to private U.S. middle-market companies
- Golub Capital BDC
First-lien lender to sponsor-backed U.S. middle-market companies
- Sixth Street Specialty Lending
Direct-originating senior secured lender to U.S. middle-market companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Blue Owl Capital | $11.17 | −0.22% | $5.55B | 20.0 | 8.7 | 3.9 | −20.8% |
| Ares Capital | $19.37 | −0.36% | $13.96B | 14.4 | 10.1 | 6.0 | +32.6% |
| Blackstone Secured Lending Fund | $24.76 | −0.80% | $5.81B | 19.6 | 9.4 | 5.5 | +25.9% |
| FS KKR Capital | $11.37 | −0.53% | $3.20B | — | 7.3 | 3.4 | +11.5% |
| Golub Capital BDC | $12.57 | +0.12% | $3.27B | 22.8 | 9.8 | 4.6 | −14.2% |
| Sixth Street Specialty Lending | $18.15 | +0.61% | $1.71B | 19.0 | 10.2 | 5.0 | −13.0% |
| Median | 19.3 | 9.8 | 5.0 | +11.5% |