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

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC boosted its stake in shares of Blue Owl Capital by 942.1% in the 1st quarter. Ancora Advisors LLC now owns 255,854 shares of the company's stock valued at $3,751,000 after purchasing an additional 231,302 shares in the last quarter. Ares Management LLC lifted its position in Blue Owl Capital by 3.1% during the 1st quarter. Ares Management LLC now owns 2,336,822 shares of the company's stock worth $34,258,000 after buying an additional 70,018 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Blue Owl Capital during the 1st quarter worth about $4,135,000. Focus Partners Advisor Solutions LLC acquired a new position in Blue Owl Capital during the 1st quarter worth about $285,000. Finally, Ameriflex Group Inc. lifted its position in Blue Owl Capital by 164.2% during the 1st quarter. Ameriflex Group Inc. now owns 94,495 shares of the company's stock worth $1,385,000 after buying an additional 58,722 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Trading Down 0.4%

Shares of OBDC stock traded down $0.06 on Wednesday, reaching $14.13. The company had a trading volume of 378,396 shares, compared to its average volume of 3,134,777. 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 $7.22 billion, a PE ratio of 9.35 and a beta of 0.76. The company has a 50-day moving average of $14.42 and a 200-day moving average of $14.40. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS 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 company had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, B. Riley assumed coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus 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.