Ameriflex Group Inc. Trims Stock Holdings in Blue Owl Capital Corporation $OBDC

Key Points

• Ameriflex Group Inc. has significantly reduced its stake in Blue Owl Capital Corporation, cutting its holdings by 83.4% to 15,686 shares valuing approximately $229,000.
• Blue Owl Capital recently increased its quarterly dividend to $0.02 per share, up from $0.01, reflecting a positive shift from the company's previous dividend policy.
• Wall Street analysts have a consensus rating of "Buy" for Blue Owl Capital, with a price target of $15.42, following recent positive quarterly earnings results.

Ameriflex Group Inc. lowered its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 83.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,686 shares of the company's stock after selling 78,809 shares during the period. Ameriflex Group Inc.'s holdings in Blue Owl Capital were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Golden State Equity Partners boosted its holdings in Blue Owl Capital by 1.7% in the first 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 last quarter. BlueStem Wealth Partners LLC lifted its holdings in Blue Owl Capital by 2.5% during the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after buying an additional 784 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after buying an additional 798 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings 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 buying an additional 996 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its holdings 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 buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.5%

Shares of Blue Owl Capital stock opened at $12.67 on Friday. 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 business's 50 day simple moving average is $13.96 and its 200-day simple moving average is $14.23. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 8.39 and a beta of 0.75. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to analysts' expectations of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was 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 currently 98.01%.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average 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.

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