Advisors Asset Management Inc. Purchases 26,510 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Advisors Asset Management Inc. increased its holdings in Blue Owl Capital Corporation by 6.6%, owning approximately 430,023 shares worth about $6.3 million as of the latest SEC filing.
• Multiple institutional investors have recently acquired stakes in Blue Owl Capital, resulting in institutional ownership of 42.83% of the company's stock.
• Blue Owl Capital has received optimistic ratings from analysts, including a "strong-buy" upgrade from LADENBURG THALM/SH SH and a target price of $16.00 from the Royal Bank of Canada.

Advisors Asset Management Inc. grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 430,023 shares of the company's stock after purchasing an additional 26,510 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.08% of Blue Owl Capital worth $6,304,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Equity Partners raised its stake in shares of Blue Owl Capital by 1.7% in the first 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 grew 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 valued at $480,000 after acquiring an additional 784 shares during the period. Flagship Harbor Advisors LLC increased its holdings 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 worth $204,000 after acquiring an additional 798 shares in the last quarter. Avantax Advisory Services Inc. raised 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 worth $548,000 after acquiring an additional 996 shares during the period. Finally, Essex Financial Services Inc. lifted its holdings in Blue Owl Capital by 3.3% during the first 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. Hedge funds and other institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OBDC shares. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.05 on Friday, reaching $14.32. The company's stock had a trading volume of 1,996,378 shares, compared to its average volume of 2,375,318. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The company has a 50-day simple moving average of $14.42 and a 200 day simple moving average of $14.41. The company has a market cap of $7.32 billion, a P/E ratio of 8.29 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $480.42 million. As a group, equities research 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 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. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, August 29th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's payout ratio is currently 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.