23,988 Shares in Blue Owl Capital Corporation $OBDC Bought 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 purchased a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,988 shares of the company's stock, valued at approximately $352,000.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $28,000. Lazard Asset Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $49,000. Roxbury Financial LLC bought a new stake in Blue Owl Capital during the 1st quarter valued at $50,000. Zions Bancorporation National Association UT bought a new stake in Blue Owl Capital during the 1st quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Blue Owl Capital during the 1st quarter valued at $61,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

Shares of OBDC traded down $0.05 during midday trading on Friday, reaching $14.32. The stock had a trading volume of 1,996,378 shares, compared to its average volume of 2,402,899. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The firm's 50 day moving average price is $14.42 and its 200-day moving average price is $14.42. The company has a market capitalization of $7.32 billion, a P/E ratio of 9.48 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. On average, analysts forecast that Blue Owl Capital Corporation 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 will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.02 dividend. 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. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's payout ratio is presently 98.01%.

Analysts Set New Price Targets

OBDC has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price 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 research note on Friday, August 8th. Finally, B. Riley initiated coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Buy" and a consensus price target 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.