Hamilton Lane Advisors LLC Makes New $48.85 Million Investment in Blue Owl Capital Corporation $OBDC

Key Points

• Hamilton Lane Advisors LLC acquired 3,406,230 shares of Blue Owl Capital Corporation for approximately $48.8 million, making it the second largest position within its portfolio.
• Blue Owl Capital recently raised its quarterly dividend to $0.02 per share, reflecting a positive change from its previous dividend of $0.01 and a yield of 0.6%.
• The stock has received a consensus rating of "Buy" from analysts, with a price target of $15.42, following an upgrade to "strong-buy" by LADENBURG THALM/SH SH.

Hamilton Lane Advisors LLC purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,406,230 shares of the company's stock, valued at approximately $48,845,000. Blue Owl Capital comprises approximately 36.1% of Hamilton Lane Advisors LLC's portfolio, making the stock its 2nd biggest position. Hamilton Lane Advisors LLC owned 0.67% of Blue Owl Capital as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Confluence Investment Management LLC lifted its holdings in Blue Owl Capital by 2.2% in the 2nd quarter. Confluence Investment Management LLC now owns 311,648 shares of the company's stock valued at $4,469,000 after acquiring an additional 6,802 shares during the last quarter. Strs Ohio acquired a new stake in Blue Owl Capital during the 1st quarter worth about $28,848,000. Trinity Financial Advisors LLC raised its holdings in Blue Owl Capital by 19.1% during the 1st quarter. Trinity Financial Advisors LLC now owns 1,125,476 shares of the company's stock worth $16,607,000 after buying an additional 180,187 shares during the period. Bayforest Capital Ltd acquired a new stake in Blue Owl Capital during the 1st quarter worth about $73,000. Finally, SCS Capital Management LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth about $10,340,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Stock Up 1.1%

Shares of OBDC traded up $0.15 during trading hours on Thursday, reaching $13.89. The company's stock had a trading volume of 1,911,656 shares, compared to its average volume of 3,158,502. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 9.20 and a beta of 0.76. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $14.35 and a two-hundred day moving average of $14.35.

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

Blue Owl Capital Increases Dividend

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

Blue Owl Capital Profile

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.