Blue Owl Capital Corporation $OBDC Shares Purchased by Ameriflex Group Inc.

Key Points

• Ameriflex Group Inc. increased its holdings in Blue Owl Capital Corporation by 164.2%, owning 94,495 shares valued at approximately $1.39 million as of the latest SEC filing.
• Blue Owl Capital recently increased its quarterly dividend from $0.01 to $0.02, resulting in an annualized yield of 0.6% and a significant dividend payout ratio of 98.01%.
• Blue Owl Capital's stock has seen enhancements in analyst ratings, with multiple firms issuing a "Buy" or "Strong Buy" rating and a consensus price target of $15.42.

Ameriflex Group Inc. increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 164.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,495 shares of the company's stock after buying an additional 58,722 shares during the quarter. Ameriflex Group Inc.'s holdings in Blue Owl Capital were worth $1,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in OBDC. First Trust Advisors LP raised its position in shares of Blue Owl Capital by 3.4% during the 4th quarter. First Trust Advisors LP now owns 129,785 shares of the company's stock valued at $1,962,000 after buying an additional 4,313 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after buying an additional 1,083 shares during the period. Jane Street Group LLC raised its position in shares of Blue Owl Capital by 349.3% during the 4th quarter. Jane Street Group LLC now owns 573,375 shares of the company's stock valued at $8,669,000 after buying an additional 445,761 shares during the period. AXA S.A. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $617,000. Finally, Ameriprise Financial Inc. raised its position in shares of Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after buying an additional 236,467 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.3%

Shares of Blue Owl Capital stock traded down $0.05 during trading hours on Friday, reaching $14.32. 1,996,378 shares of the company were exchanged, compared to its average volume of 2,402,899. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73. The stock's fifty day moving average is $14.42 and its 200 day moving average is $14.43. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $7.32 billion, a PE ratio of 9.48 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, August 29th. Blue Owl Capital's dividend payout ratio is currently 98.01%.

Analyst Ratings Changes

OBDC has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, B. Riley initiated coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.