Aberdeen Group plc Grows Position in Blue Owl Capital Corporation $OBDC

Key Points

• Aberdeen Group plc increased its stake in Blue Owl Capital Corporation by 25.5% in the first quarter, owning a total of 194,395 shares valued at approximately $2.8 million.
• Several institutional investors, including Tower Research and Sumitomo Mitsui Trust Group, also boosted their holdings in Blue Owl Capital, reflecting a trend of increasing institutional interest in the company.
• Blue Owl Capital announced a quarterly dividend of $0.37 per share, with a significant annual yield of 10.5% and a payout ratio of 98.01%.

Aberdeen Group plc lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,395 shares of the company's stock after buying an additional 39,456 shares during the quarter. Aberdeen Group plc's holdings in Blue Owl Capital were worth $2,835,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Golden State Equity Partners raised its stake in shares of Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after buying an additional 742 shares during the period. BlueStem Wealth Partners LLC raised its stake in shares of Blue Owl Capital by 2.5% during the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after buying an additional 784 shares during the period. Flagship Harbor Advisors LLC raised its stake in Blue Owl Capital by 6.1% in 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 during the last quarter. Avantax Advisory Services Inc. raised its stake in Blue Owl Capital by 2.7% in 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 during the last quarter. Finally, Essex Financial Services Inc. raised its stake in Blue Owl Capital by 3.3% in 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 during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.2%

NYSE:OBDC traded up $0.03 during trading hours on Wednesday, hitting $14.20. The company had a trading volume of 2,008,578 shares, compared to its average volume of 2,586,529. 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 company has a 50-day moving average of $14.45 and a 200 day moving average of $14.48. The company has a market cap of $7.25 billion, a P/E ratio of 9.40 and a beta of 0.74. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company 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%. Sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a $0.02 dividend. This represents a yield of 1,139.0%. The ex-dividend date is Friday, August 29th. This is an increase from Blue Owl Capital's previous dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) is currently 98.01%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OBDC shares. B. Riley started coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Blue Owl Capital has a consensus rating of "Buy" and an average price target of $15.42.

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.