Blue Owl Capital Corporation (NYSE:OBDC) Short Interest Up 35.3% in August

Key Points

• Blue Owl Capital Corporation experienced a 35.3% increase in short interest during August, rising to 7.9 million shares as of August 31st.
• Analysts have rated the stock with a consensus "Buy" rating and an average target price of $15.42, highlighting a positive outlook for the company.
• The company recently increased its quarterly dividend from $0.01 to $0.02, reflecting a total annualized dividend of $0.08 with a yield of 0.6%.

Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, an increase of 35.3% from the August 15th total of 5,840,000 shares. Based on an average daily volume of 2,510,000 shares, the short-interest ratio is presently 3.1 days. Currently, 1.6% of the company's stock are short sold. Currently, 1.6% of the company's stock are short sold. Based on an average daily volume of 2,510,000 shares, the short-interest ratio is presently 3.1 days.

Blue Owl Capital Trading Up 1.2%

OBDC stock traded up $0.17 during trading on Friday, hitting $14.01. The company had a trading volume of 6,940,524 shares, compared to its average volume of 2,623,267. The firm has a market capitalization of $7.16 billion, a P/E ratio of 9.28 and a beta of 0.76. Blue Owl Capital has a 52-week low of $12.11 and a 52-week high of $15.73. The company has a 50 day simple moving average of $14.33 and a 200-day simple moving average of $14.33. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The company had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. As a group, research analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital has an average rating of "Buy" and an average target price of $15.42.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Blue Owl Capital during the 4th quarter worth approximately $673,000. Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at about $49,000. Royal Bank of Canada lifted its position in Blue Owl Capital by 9.2% in the fourth quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after buying an additional 620,521 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in Blue Owl Capital by 11.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 18,767 shares of the company's stock valued at $291,000 after buying an additional 1,985 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Blue Owl Capital by 777.5% during the fourth quarter. Squarepoint Ops LLC now owns 107,347 shares of the company's stock worth $1,623,000 after purchasing an additional 95,114 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.