Blue Owl Capital Corporation $OBDC Shares Purchased by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC significantly increased its stake in Blue Owl Capital Corporation by 942.1%, acquiring 231,302 additional shares, bringing its total to 255,854 shares valued at approximately $3.75 million.
• Blue Owl Capital recently announced a quarterly dividend increase from $0.01 to $0.02, representing an annualized yield of 0.6% with a payout ratio of 98.01%.
• Wall Street analysts have a positive outlook on Blue Owl Capital, with a consensus rating of "Buy" and an average price target of $15.42 for the stock.

Ancora Advisors LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 942.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 255,854 shares of the company's stock after acquiring an additional 231,302 shares during the quarter. Ancora Advisors LLC owned approximately 0.05% of Blue Owl Capital worth $3,751,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of OBDC. Jane Street Group LLC boosted its position in Blue Owl Capital by 349.3% during the fourth quarter. Jane Street Group LLC now owns 573,375 shares of the company's stock worth $8,669,000 after acquiring an additional 445,761 shares during the last quarter. AXA S.A. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $617,000. Ameriprise Financial Inc. boosted its holdings in shares of Blue Owl Capital by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after purchasing an additional 236,467 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $673,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Blue Owl Capital by 10.8% in the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company's stock valued at $220,000 after purchasing an additional 1,422 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.5%

Shares of NYSE:OBDC traded down $0.07 during midday trading on Tuesday, hitting $14.25. 871,394 shares of the company's stock traded hands, compared to its average volume of 3,144,637. 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 company has a market cap of $7.28 billion, a PE ratio of 9.43 and a beta of 0.76. The firm's fifty day moving average price is $14.42 and its two-hundred day moving average price is $14.41. 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 posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.02 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) is presently 98.01%.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research analyst reports. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.