3,406,230 Shares in Blue Owl Capital Corporation $OBDC Acquired by Hamilton Lane Advisors LLC

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 bought a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,406,230 shares of the company's stock, valued at approximately $48,845,000. Blue Owl Capital accounts for approximately 36.1% of Hamilton Lane Advisors LLC's holdings, making the stock its 2nd biggest position. Hamilton Lane Advisors LLC owned 0.67% of Blue Owl Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of OBDC. BNP Paribas Financial Markets bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $673,000. Baird Financial Group Inc. lifted its position in shares of Blue Owl Capital by 10.8% during the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company's stock worth $220,000 after buying an additional 1,422 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Blue Owl Capital by 74.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 446,877 shares of the company's stock worth $6,757,000 after buying an additional 191,051 shares during the period. Lazard Asset Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $49,000. Finally, NorthRock Partners LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $274,000. Institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research 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 company presently has a consensus rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Trading Down 0.8%

OBDC stock opened at $14.15 on Friday. The business has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.39. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 9.37 and a beta of 0.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released 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 return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. Analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

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