Adams Asset Advisors LLC Has $1.44 Million Stock Position in Blue Owl Capital Corporation $OBDC

Key Points

• Adams Asset Advisors LLC increased its stake in Blue Owl Capital Corporation by 44.4%, owning a total of 100,430 shares valued at approximately $1.44 million.
• Blue Owl Capital recently declared a quarterly dividend of $0.02 per share, an increase from its previous dividend of $0.01, with an annualized yield of 0.6%.
• The company reported better-than-expected quarterly earnings of $0.40 per share, surpassing analysts' estimates and contributing to a current average rating of "Buy" among research analysts.

Adams Asset Advisors LLC lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 44.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,430 shares of the company's stock after purchasing an additional 30,875 shares during the quarter. Adams Asset Advisors LLC's holdings in Blue Owl Capital were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Equity Partners boosted its position in shares of Blue Owl Capital by 1.7% in 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 during the period. BlueStem Wealth Partners LLC boosted its position in shares of Blue Owl Capital by 2.5% in 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 during the period. Flagship Harbor Advisors LLC boosted its position in shares of 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 period. Avantax Advisory Services Inc. boosted its position in shares of 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 period. Finally, Essex Financial Services Inc. boosted its position 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 worth $459,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Trading Down 0.8%

Shares of NYSE OBDC opened at $14.15 on Monday. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.73. The business has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $14.38. 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 firm has a market capitalization of $7.23 billion, a PE ratio of 9.37 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $480.42 million. As a group, analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.02 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

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 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Company 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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