Ares Management LLC Has $34.26 Million Position in Blue Owl Capital Corporation $OBDC

Key Points

• Ares Management LLC increased its position in Blue Owl Capital Corporation by 3.1% in Q1, owning 2,336,822 shares worth approximately $34.26 million, making it the firm's 9th largest holding.
• Blue Owl Capital recently announced a quarterly dividend of $0.02 per share, reflecting an increase from the previous $0.01 quarterly dividend.
• The stock's one-year performance shows a low of $12.11 and a high of $15.73, with a current P/E ratio of 9.49 and a market cap of $7.33 billion.

Ares Management LLC grew its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,336,822 shares of the company's stock after acquiring an additional 70,018 shares during the period. Blue Owl Capital comprises approximately 2.1% of Ares Management LLC's holdings, making the stock its 9th biggest holding. Ares Management LLC owned about 0.46% of Blue Owl Capital worth $34,258,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at $28,000. Roxbury Financial LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at $50,000. Lazard Asset Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at $49,000. Zions Bancorporation National Association UT purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at $61,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.3%

OBDC traded down $0.05 during trading on Friday, hitting $14.32. The company had a trading volume of 1,996,378 shares, compared to its average volume of 2,375,318. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-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. The company has a market cap of $7.32 billion, a PE ratio of 9.48 and a beta of 0.76. The business has a 50-day moving average of $14.42 and a 200-day moving average of $14.41.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. As a group, analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share 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. Investors of record on Friday, August 29th will be issued a $0.02 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, August 29th. Blue Owl Capital's dividend payout ratio is presently 98.01%.

Analyst Upgrades and Downgrades

OBDC has been the topic of several analyst reports. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. B. Riley initiated coverage on shares of 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 target on shares of Blue Owl Capital in a research note on Thursday, May 15th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently 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.