Blue Owl Capital (OBDC)
Market Price (4/22/2026): $11.515 | Market Cap: $5.8 BilSector: Financials | Industry: Asset Management & Custody Banks
Blue Owl Capital (OBDC)
Market Price (4/22/2026): $11.515Market Cap: $5.8 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20%, FCF Yield is 30% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 245%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 245% Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. | Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -44% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 150% Expensive valuation multiplesP/SPrice/Sales ratio is 8.2x Weak revenue growthRev Chg QQuarterly Revenue Change % is -19% Key risksOBDC key risks include [1] vulnerability from an elevated long-term debt-to-capital ratio and [2] investment valuation and markdown concerns highlighted by its terminated merger with Blue Owl Capital Corporation II. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20%, FCF Yield is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 245%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 245% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -46%, 3Y Excs Rtn is -44% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 150% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 8.2x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -19% |
| Key risksOBDC key risks include [1] vulnerability from an elevated long-term debt-to-capital ratio and [2] investment valuation and markdown concerns highlighted by its terminated merger with Blue Owl Capital Corporation II. |
Qualitative Assessment
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1. Q4 2025 Earnings Miss and Cautious Outlook: Blue Owl Capital (OBDC) reported fourth-quarter 2025 adjusted net investment income (NII) per share of $0.36, missing analyst estimates by $0.01. The company also missed revenue estimates, reporting $447.75 million against expectations of $464.58 million. Management indicated that lower base rates and spread compression were likely to reduce future asset yields and NII, prompting an ongoing review of dividend payouts. The net asset value (NAV) per share also saw a slight decrease from $14.89 to $14.81, primarily due to credit-related markdowns on a small number of names.
2. Liquidity Concerns and Strategic Asset Sales: In February 2026, Blue Owl Capital's Business Development Companies (BDCs), including OBDC, announced the sale of $1.4 billion in direct lending investments, with OBDC contributing $400 million to institutional investors. This came amidst reports that Blue Owl Capital Corporation II (OBDC II) had restricted withdrawals after redemption requests surpassed a 5% threshold, raising concerns about liquidity in the private credit market and potentially impacting investor confidence and future fundraising momentum.
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Stock Movement Drivers
Fundamental Drivers
The -4.1% change in OBDC stock from 12/31/2025 to 4/21/2026 was primarily driven by a -4.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.01 | 11.51 | -4.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 742 | 710 | -4.4% |
| Net Income Margin (%) | 89.3% | 88.4% | -1.0% |
| P/E Multiple | 9.3 | 9.3 | 0.6% |
| Shares Outstanding (Mil) | 511 | 507 | 0.7% |
| Cumulative Contribution | -4.1% |
Market Drivers
12/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| OBDC | -4.1% | |
| Market (SPY) | -5.4% | 47.0% |
| Sector (XLF) | -4.5% | 38.6% |
Fundamental Drivers
The -3.9% change in OBDC stock from 9/30/2025 to 4/21/2026 was primarily driven by a -4.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.98 | 11.51 | -3.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 743 | 710 | -4.5% |
| Net Income Margin (%) | 90.2% | 88.4% | -2.0% |
| P/E Multiple | 9.1 | 9.3 | 1.9% |
| Shares Outstanding (Mil) | 511 | 507 | 0.7% |
| Cumulative Contribution | -3.9% |
Market Drivers
9/30/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| OBDC | -3.9% | |
| Market (SPY) | -2.9% | 45.9% |
| Sector (XLF) | -2.6% | 39.8% |
Fundamental Drivers
The -11.5% change in OBDC stock from 3/31/2025 to 4/21/2026 was primarily driven by a -23.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312025 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.00 | 11.51 | -11.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 666 | 710 | 6.6% |
| Net Income Margin (%) | 89.4% | 88.4% | -1.1% |
| P/E Multiple | 8.5 | 9.3 | 9.2% |
| Shares Outstanding (Mil) | 390 | 507 | -23.1% |
| Cumulative Contribution | -11.5% |
Market Drivers
3/31/2025 to 4/21/2026| Return | Correlation | |
|---|---|---|
| OBDC | -11.5% | |
| Market (SPY) | 16.3% | 65.8% |
| Sector (XLF) | 6.1% | 60.8% |
Fundamental Drivers
The 29.3% change in OBDC stock from 3/31/2023 to 4/21/2026 was primarily driven by a 32.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4212026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.90 | 11.51 | 29.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 536 | 710 | 32.5% |
| Net Income Margin (%) | 87.1% | 88.4% | 1.5% |
| P/E Multiple | 7.5 | 9.3 | 23.8% |
| Shares Outstanding (Mil) | 394 | 507 | -22.4% |
| Cumulative Contribution | 29.3% |
Market Drivers
3/31/2023 to 4/21/2026| Return | Correlation | |
|---|---|---|
| OBDC | 29.3% | |
| Market (SPY) | 63.3% | 56.9% |
| Sector (XLF) | 69.9% | 58.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OBDC Return | 22% | -9% | 44% | 15% | -8% | -2% | 64% |
| Peers Return | 34% | -11% | 29% | 27% | -4% | -6% | 78% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| OBDC Win Rate | 75% | 58% | 75% | 75% | 50% | 50% | |
| Peers Win Rate | 80% | 40% | 70% | 73% | 50% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OBDC Max Drawdown | -3% | -21% | 0% | -2% | -15% | -12% | |
| Peers Max Drawdown | -1% | -19% | -2% | -2% | -16% | -15% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARCC, BXSL, MAIN, FSK, GBDC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/21/2026 (YTD)
How Low Can It Go
| Event | OBDC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -31.9% | -25.4% |
| % Gain to Breakeven | 46.9% | 34.1% |
| Time to Breakeven | 511 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -53.9% | -33.9% |
| % Gain to Breakeven | 116.8% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
Compare to ARCC, BXSL, MAIN, FSK, GBDC
In The Past
Blue Owl Capital's stock fell -31.9% during the 2022 Inflation Shock from a high on 4/14/2022. A -31.9% loss requires a 46.9% gain to breakeven.
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About Blue Owl Capital (OBDC)
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It's like a JPMorgan Chase for growing, mid-sized private companies seeking loans.
It's like a debt-focused Blackstone that provides capital to middle-market private businesses.
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- Senior Secured/Unsecured Loans: Provides debt financing that holds a primary or secondary claim on a company's assets, depending on whether it is secured or unsecured.
- Subordinated and Mezzanine Loans: Offers flexible debt financing that is junior to senior debt, often including an equity component.
- Equity Investments: Makes direct capital investments in the form of preferred equity, common equity, or warrants to gain an ownership stake in companies.
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Major Customers of Blue Owl Capital (OBDC)
Blue Owl Capital (OBDC), operating as a business development company (BDC), provides financing primarily to middle-market companies through various types of loans and equity investments. In this business model, its "customers" are the companies that receive these investments and loans.
Based on its latest available public filings (as of December 31, 2023), the largest of these portfolio companies by fair value, and thus its major customers, include:
- Enact Holdings, Inc. (Symbol: EHIC)
- Acrisure LLC
- Hexion Holdings LLC
- Integra LifeSciences Holdings Corporation (Symbol: IART)
- USIC Holdings, Inc.
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```html- Blue Owl Capital Inc. (OWL)
- State Street Corporation (STT)
- Deloitte
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Craig Packer, Chief Executive Officer, Blue Owl Capital Corporation
Craig Packer is the Chief Executive Officer of Blue Owl Capital Corporation (OBDC) and a Co-President of Blue Owl Capital Inc.. He co-founded Owl Rock Capital Partners, which was the predecessor firm to Blue Owl's Credit platform. Prior to co-founding Owl Rock, Mr. Packer was a Partner and Co-Head of Leveraged Finance in the Americas at Goldman Sachs & Co., where he became a Managing Director and Head of High Yield Capital Markets in 2006 and a Partner in 2008. Before joining Goldman Sachs, he served as the Global Head of High Yield Capital Markets at Credit Suisse First Boston and previously worked at Donaldson, Lufkin & Jenrette.
Jonathan Lamm, Chief Financial Officer and Chief Operating Officer, Blue Owl Capital Corporation
Jonathan Lamm serves as the Chief Financial Officer and Chief Operating Officer of Blue Owl Capital Corporation (OBDC) and the other Blue Owl BDCs. He is also a Senior Managing Director at Blue Owl. Before joining Owl Rock, the predecessor to Blue Owl's Credit platform, in April 2021, Mr. Lamm was the Chief Financial Officer and Treasurer of Goldman Sachs BDC, Inc. (GSBD). He was responsible for establishing and overseeing GSBD's finance, treasury, accounting, and operations functions, including its initial public offering in March 2015. Mr. Lamm spent 22 years at Goldman Sachs in various finance roles, including Chief Operating Officer and Chief Financial Officer at GSAM Credit Alternatives. He began his career in public accounting at Deloitte & Touche.
Michael Rees, Co-President, Blue Owl Capital Inc.
Michael Rees is a Co-President of Blue Owl Capital Inc. and Head of the GP Strategic Capital platform. He founded Dyal Capital, which was the predecessor firm to Blue Owl's GP Strategic Capital platform. Dyal Capital merged with Owl Rock to form Blue Owl Capital in 2021. Under his leadership, Dyal Capital focused on acquiring minority stakes in private equity firms. Prior to founding Dyal Capital, Mr. Rees was a founding employee and shareholder of Neuberger Berman Group, transitioning from Lehman Brothers as part of a management buyout, and served as the first Chief Operating Officer of Neuberger's alternatives business. He was an employee of Lehman Brothers from 2001 to 2009, holding roles such as Head of Asset Management Strategy and being responsible for strategic acquisitions for the Investment Management Division.
Doug Ostrover, Co-Chief Executive Officer, Blue Owl Capital Inc.
Doug Ostrover is a Co-Chief Executive Officer of Blue Owl Capital Inc. and the Chairman of the firm's board of directors. He co-founded Owl Rock Capital Partners, the predecessor firm to Blue Owl's Credit platform. Before co-founding Owl Rock, Mr. Ostrover was a founder of GSO Capital Partners (GSO), Blackstone's alternative credit platform, and was a Senior Managing Director at Blackstone until 2015. Prior to co-founding GSO in 2005, he was a Managing Director and Chairman of the Leveraged Finance Group at Credit Suisse First Boston (CSFB). He joined CSFB in 2000 following its acquisition of Donaldson, Lufkin & Jenrette (DLJ), where he was a Managing Director in charge of High Yield and Distressed Sales, Trading, and Research, and had been a member of DLJ's high-yield team since 1992.
Marc Lipschultz, Co-Chief Executive Officer, Blue Owl Capital Inc.
Marc Lipschultz is a Co-Chief Executive Officer of Blue Owl Capital Inc.. He also co-founded Owl Rock Capital Partners, the predecessor firm to Blue Owl's Credit platform. Before co-founding Owl Rock, Mr. Lipschultz spent more than two decades at KKR, where he served on the firm's Management Committee and was the Global Head of Energy and Infrastructure. His experience includes leadership roles in private credit, private equity, and infrastructure, demonstrating extensive involvement in alternative investments.
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The key risks to Blue Owl Capital's (OBDC) business operations are primarily centered around credit quality, systemic market conditions, and interest rate fluctuations.- Credit Risk and Loan Defaults: Blue Owl Capital Corporation faces significant credit risk due to its investments in loans to middle-market companies. This risk is particularly pronounced given its substantial exposure to sectors like internet software and services, which comprise a notable portion of its portfolio. Higher interest rates exert pressure on these portfolio companies, increasing the likelihood of loan defaults and bankruptcies, which can directly impact OBDC's interest income and ability to sustain dividends.
- Systemic Contagion Risk in the Private Credit Sector: The company is susceptible to broader systemic issues within the private credit market. If problems in private credit spread to other financial sectors, it could lead to reduced lending capacity and a diminished willingness of other financial institutions to provide capital to companies like OBDC. This "contagion risk" can also result in downward pressure on the market valuation of private credit assets, affecting OBDC's financial health.
- Vulnerability to Declining Interest Rates: While Blue Owl Capital Corporation's portfolio is predominantly composed of floating-rate debt investments (approximately 96% of its debt investments), which generally provides protection against rising rates, a prolonged period of declining interest rates could negatively impact its net investment income. Additionally, a recessionary environment with low interest rates could present challenges for reinvesting capital at attractive returns.
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Blue Owl Capital Corporation (OBDC) primarily operates within the U.S. private credit market, focusing on direct lending to middle-market companies.
The addressable market for Blue Owl Capital's main products and services, which include senior secured or unsecured loans, subordinated or mezzanine loans, and equity-related securities for middle-market companies, is primarily the U.S. private credit market. This market is substantial and growing:
- The U.S. private credit market is currently estimated to be approaching $1.3 trillion and some estimates place it between $1.5 trillion and $2.1 trillion. Projections indicate that this market could double to more than $3 trillion by 2028.
- More specifically, the U.S. direct lending market, a core component of private credit where Blue Owl Capital is active, stands at approximately $1 trillion in size. This market has seen significant growth, increasing from around $400 billion in 2019.
- Business Development Companies (BDCs), such as Blue Owl Capital Corporation, collectively represent $500 billion of the U.S. private credit market.
Blue Owl Capital's target clientele, U.S. middle-market companies, represents a significant segment of the U.S. economy, encompassing nearly 200,000 businesses that contribute one-third of the private sector's GDP and employ approximately 50 million people. These companies often turn to private credit providers like Blue Owl Capital due to limited financing options from traditional banks.
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Blue Owl Capital (NYSE: OBDC) is expected to drive future revenue growth over the next 2-3 years through several key factors: * Growth in Investment Portfolio through New Originations and Capital Redeployment: Blue Owl Capital's core business revolves around direct lending. The company has demonstrated a healthy deal flow across its core sectors, and the broader direct lending platform has shown significant origination activity. Furthermore, the recent opportunistic sale of $1.4 billion of direct lending investments, including $400 million from OBDC, is intended to reduce leverage and create additional capacity to invest in compelling new opportunities. The strategic redeployment of this capital into new and existing portfolio companies is anticipated to be a significant driver of future revenue. * Performance and Resilience of Existing Portfolio Companies: The consistent strong credit performance and resilience of Blue Owl Capital's portfolio companies are crucial for sustained revenue growth. Earnings reports have highlighted excellent credit quality across the portfolio, with all subsectors delivering positive year-over-year growth in revenue and EBITDA in Q4 2025. The continued health and growth of these underlying borrowers ensure a steady stream of interest and dividend income and minimize potential losses. * Effective Interest Rates on Floating-Rate Debt Investments: A substantial portion of Blue Owl Capital's debt investments, specifically 96%, are floating-rate. This structure means that as interest rates remain elevated or potentially increase, the interest income generated from these investments will also rise, directly contributing to revenue growth. While the company experienced some headwinds from lower base rates in Q4 2025, the overall portfolio structure is poised to benefit from favorable interest rate movements. * Expansion and Returns from Controlled and Affiliated Investments: Blue Owl Capital has shown notable growth in investment income derived from its controlled and affiliated investments. In Q4 2025, there was a significant year-over-year increase in dividend income (55.8%) and interest income (11%) from these sources. This indicates a growing contribution from these strategic holdings, suggesting that continued expansion and strong performance in this segment will be a driver for future revenue.AI Analysis | Feedback
Share Repurchases
- Blue Owl Capital Corporation repurchased approximately $148 million of common stock in the fourth quarter of 2025.
- In February 2026, the Board approved a new share repurchase program of up to $300 million, replacing a prior $200 million authorization.
- A $200 million stock repurchase program was approved on November 4, 2025, which was later replaced.
Share Issuance
- Blue Owl Capital's shares outstanding increased to 0.506 billion in 2025, representing a 29.75% increase from 2024.
Outbound Investments
- For the year ended December 31, 2025, new investment commitments totaled $4.3 billion across 43 new and 81 existing portfolio companies.
- For the year ended December 31, 2024, new investment commitments were $7.3 billion across 93 new and 68 existing portfolio companies.
- In February 2026, Blue Owl Capital Corporation sold $400 million of direct lending investments as part of a larger $1.4 billion asset sale across certain Blue Owl BDCs to institutional investors.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 16.11 |
| Mkt Cap | 5.2 |
| Rev LTM | 600 |
| Op Inc LTM | - |
| FCF LTM | 214 |
| FCF 3Y Avg | 123 |
| CFO LTM | 214 |
| CFO 3Y Avg | 123 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.5% |
| Rev Chg 3Y Avg | 30.4% |
| Rev Chg Q | -21.4% |
| QoQ Delta Rev Chg LTM | -5.5% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 61.4% |
| CFO/Rev 3Y Avg | 32.5% |
| FCF/Rev LTM | 61.4% |
| FCF/Rev 3Y Avg | 32.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.2 |
| P/S | 9.3 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 10.2 |
| P/CFO | -2.3 |
| Total Yield | 20.8% |
| Dividend Yield | 11.0% |
| FCF Yield 3Y Avg | 4.3% |
| D/E | 1.4 |
| Net D/E | 1.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.2% |
| 3M Rtn | -4.9% |
| 6M Rtn | -3.0% |
| 12M Rtn | 0.4% |
| 3Y Rtn | 34.4% |
| 1M Excs Rtn | -2.4% |
| 3M Excs Rtn | -8.9% |
| 6M Excs Rtn | -7.8% |
| 12M Excs Rtn | -35.7% |
| 3Y Excs Rtn | -36.6% |
Price Behavior
| Market Price | $11.51 | |
| Market Cap ($ Bil) | 5.8 | |
| First Trading Date | 07/18/2019 | |
| Distance from 52W High | -16.3% | |
| 50 Days | 200 Days | |
| DMA Price | $11.11 | $12.02 |
| DMA Trend | down | down |
| Distance from DMA | 3.6% | -4.3% |
| 3M | 1YR | |
| Volatility | 29.5% | 22.0% |
| Downside Capture | 0.37 | 0.39 |
| Upside Capture | 87.70 | 52.24 |
| Correlation (SPY) | 45.7% | 46.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.94 | 1.21 | 1.02 | 0.91 | 0.89 | 0.72 |
| Up Beta | -1.64 | 2.40 | 2.17 | 1.62 | 0.96 | 0.83 |
| Down Beta | 1.03 | 0.91 | 0.91 | 0.87 | 0.94 | 0.86 |
| Up Capture | 193% | 123% | 80% | 64% | 48% | 25% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 21 | 31 | 61 | 123 | 378 |
| Down Capture | 64% | 102% | 89% | 86% | 94% | 80% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 21 | 32 | 62 | 124 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBDC | |
|---|---|---|---|---|
| OBDC | -6.3% | 22.1% | -0.37 | - |
| Sector ETF (XLF) | 13.3% | 15.2% | 0.62 | 45.6% |
| Equity (SPY) | 23.7% | 12.7% | 1.52 | 49.3% |
| Gold (GLD) | 41.4% | 27.5% | 1.25 | -2.4% |
| Commodities (DBC) | 22.4% | 16.2% | 1.25 | 11.8% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 37.1% |
| Bitcoin (BTCUSD) | -10.4% | 42.7% | -0.14 | 30.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBDC | |
|---|---|---|---|---|
| OBDC | 6.9% | 20.4% | 0.26 | - |
| Sector ETF (XLF) | 10.1% | 18.7% | 0.42 | 57.8% |
| Equity (SPY) | 10.8% | 17.1% | 0.49 | 58.3% |
| Gold (GLD) | 21.6% | 17.8% | 0.99 | 7.2% |
| Commodities (DBC) | 10.9% | 18.8% | 0.47 | 22.3% |
| Real Estate (VNQ) | 4.1% | 18.8% | 0.12 | 50.7% |
| Bitcoin (BTCUSD) | 3.8% | 56.4% | 0.29 | 25.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with OBDC | |
|---|---|---|---|---|
| OBDC | 4.5% | 27.1% | 0.27 | - |
| Sector ETF (XLF) | 13.2% | 22.2% | 0.55 | 58.4% |
| Equity (SPY) | 13.9% | 17.9% | 0.67 | 55.8% |
| Gold (GLD) | 13.7% | 15.9% | 0.71 | 4.4% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 24.9% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 55.9% |
| Bitcoin (BTCUSD) | 68.0% | 66.9% | 1.07 | 22.8% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/1/2026 | 0.9% | 0.0% | |
| 1/7/2026 | -1.9% | -0.5% | -12.7% |
| 10/1/2025 | -2.0% | -1.8% | 2.3% |
| 7/1/2025 | 0.3% | 0.4% | -0.4% |
| 4/3/2025 | -7.6% | -9.1% | -3.9% |
| 1/16/2025 | -0.1% | -0.9% | 3.1% |
| 10/2/2024 | 0.5% | 3.1% | 5.1% |
| 7/3/2024 | -0.2% | -0.3% | -0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 16 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 0.6% | 1.0% | 3.3% |
| Median Negative | -1.6% | -1.1% | -2.9% |
| Max Positive | 1.9% | 30.8% | 18.6% |
| Max Negative | -7.6% | -9.1% | -12.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Reddy, Neena | Vice President and Secretary | Direct | Buy | 11282025 | 13.06 | 7,890 | 103,065 | 103,065 | Form |
| 2 | Nicholson, Logan | President | Direct | Buy | 11192025 | 11.75 | 25,000 | 293,690 | 646,494 | Form |
| 3 | Packer, Craig | Chief Executive Officer | Trust | Buy | 11192025 | 11.75 | 83,200 | 977,924 | 488,962 | Form |
| 4 | Temple, Chris | Direct | Buy | 11142025 | 12.03 | 8,000 | 96,240 | 709,770 | Form | |
| 5 | Weiler, Melissa | Direct | Buy | 11112025 | 11.99 | 10,000 | 119,900 | 596,311 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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