Ancora Advisors LLC Acquires 231,302 Shares of Blue Owl Capital Corporation $OBDC

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 grew its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 942.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 about 0.05% of Blue Owl Capital worth $3,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $28,000. Lazard Asset Management LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $49,000. Roxbury Financial LLC acquired a new stake in Blue Owl Capital in the 1st quarter valued at approximately $50,000. Zions Bancorporation National Association UT acquired a new position in shares of Blue Owl Capital during the 1st quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Blue Owl Capital during the 1st quarter worth $61,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent analyst reports. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. B. Riley began coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Trading Down 0.3%

Shares of Blue Owl Capital stock traded down $0.05 on Monday, hitting $14.30. 2,159,362 shares of the company's stock traded hands, compared to its average volume of 3,158,426. The firm's 50-day moving average price is $14.42 and its two-hundred day moving average price is $14.41. The stock has a market capitalization of $7.31 billion, a PE ratio of 9.47 and a beta of 0.76. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.73. 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 (NYSE:OBDC - Get Free Report) last released its quarterly earnings data 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 net margin of 38.29% and a return on equity of 11.24%. The business had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. On average, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal 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 issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date 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 is 98.01%.

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.