23,988 Shares in Blue Owl Capital Corporation $OBDC Acquired by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ has acquired 23,988 shares of Blue Owl Capital Corporation, valued at approximately $352,000 in its first quarter investment.
• Blue Owl Capital recently announced an increase in its quarterly dividend from $0.01 to $0.02 per share, with a yield of 0.6% and a high payout ratio of 98.01%.
• The stock is currently rated as a "Buy" by several analysts, with an average target price of $15.42, reflecting positive sentiment in the market.

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 23,988 shares of the company's stock, valued at approximately $352,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SVB Wealth LLC purchased a new position in Blue Owl Capital in the 1st quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in Blue Owl Capital in the 1st quarter valued at about $50,000. Lazard Asset Management LLC purchased a new position in Blue Owl Capital in the 4th quarter valued at about $49,000. Zions Bancorporation National Association UT purchased a new position in Blue Owl Capital in the 1st quarter valued at about $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Blue Owl Capital during the 1st quarter worth about $61,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE OBDC traded down $0.05 on Friday, reaching $14.32. The company's stock had a trading volume of 1,668,680 shares, compared to its average volume of 3,162,065. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $7.32 billion, a PE ratio of 9.49 and a beta of 0.76. The firm's 50 day moving average is $14.43 and its two-hundred day moving average is $14.44.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $480.42 million. As a group, sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.02 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio is presently 98.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OBDC shares. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $15.42.

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.