Ameriflex Group Inc. Buys 58,722 Shares of Blue Owl Capital Corporation $OBDC

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. raised its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 164.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,495 shares of the company's stock after purchasing an additional 58,722 shares during the quarter. Ameriflex Group Inc.'s holdings in Blue Owl Capital were worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its holdings in shares of Blue Owl Capital by 222.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after acquiring an additional 11,098,695 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Blue Owl Capital by 85.8% in the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock worth $123,979,000 after acquiring an additional 3,809,000 shares during the period. Royal Bank of Canada boosted its holdings in shares of Blue Owl Capital by 3.0% in the first quarter. Royal Bank of Canada now owns 7,608,871 shares of the company's stock worth $111,546,000 after acquiring an additional 221,571 shares during the period. Ameriprise Financial Inc. boosted its stake in Blue Owl Capital by 8.4% during the first quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company's stock valued at $76,083,000 after buying an additional 403,784 shares during the period. Finally, Brown University boosted its stake in Blue Owl Capital by 17.9% during the first quarter. Brown University now owns 4,348,863 shares of the company's stock valued at $63,754,000 after buying an additional 660,136 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OBDC stock traded down $0.05 during mid-day trading on Friday, hitting $14.32. 1,996,376 shares of the stock were exchanged, compared to its average volume of 3,164,336. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 9.48 and a beta of 0.76. The business has a fifty day moving average price of $14.43 and a 200 day moving average price of $14.44. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. 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 released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. On average, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend 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 payout ratio is presently 98.01%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada reissued an "outperform" rating and set 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 equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $15.42.

About Blue Owl Capital

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.