Aberdeen Group plc increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 25.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,395 shares of the company's stock after acquiring an additional 39,456 shares during the quarter. Aberdeen Group plc's holdings in Blue Owl Capital were worth $2,835,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Golden State Equity Partners increased its stake in Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after purchasing an additional 742 shares in the last quarter. BlueStem Wealth Partners LLC increased its stake in Blue Owl Capital by 2.5% during the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock valued at $480,000 after purchasing an additional 784 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after purchasing an additional 798 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in Blue Owl Capital by 2.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock valued at $548,000 after purchasing an additional 996 shares in the last quarter. Finally, Essex Financial Services Inc. increased its stake in Blue Owl Capital by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 42.83% of the company's stock.
Blue Owl Capital Stock Performance
Shares of NYSE:OBDC traded up $0.07 during midday trading on Tuesday, reaching $14.18. The company had a trading volume of 1,203,708 shares, compared to its average volume of 3,193,620. The company's 50 day moving average price is $14.46 and its 200 day moving average price is $14.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The stock has a market cap of $7.24 billion, a P/E ratio of 9.39 and a beta of 0.74. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73.
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, topping analysts' consensus estimates of $0.39 by $0.01. The company had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. As a group, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.
Blue Owl Capital Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.02 dividend. This is an increase from Blue Owl Capital's previous dividend of $0.01. The ex-dividend date of this dividend is Friday, August 29th. This represents a dividend yield of 1,139.0%. Blue Owl Capital's payout ratio is presently 98.01%.
Analyst Ratings Changes
A number of analysts have commented on OBDC shares. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. 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 objective on the stock. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $15.42.
Check Out Our Latest Research Report on OBDC
About Blue Owl Capital
(
Free Report)
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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