Blue Owl Capital Corporation $OBDC Shares Acquired by Ares Management LLC

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 disclosure with the Securities & Exchange Commission. The firm owned 2,336,822 shares of the company's stock after purchasing 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 largest holding. Ares Management LLC owned approximately 0.46% of Blue Owl Capital worth $34,258,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBDC. Oregon Public Employees Retirement Fund increased its stake in 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 purchasing an additional 11,098,695 shares during the period. Cresset Asset Management LLC increased its stake in shares of Blue Owl Capital by 8,188.9% during the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after buying an additional 4,385,987 shares during the period. Trustees of Dartmouth College purchased a new position in shares of Blue Owl Capital during the first quarter valued at $48,774,000. HB Wealth Management LLC grew its stake in Blue Owl Capital by 311.3% in the first quarter. HB Wealth Management LLC now owns 1,131,920 shares of the company's stock valued at $16,594,000 after purchasing an additional 856,735 shares during the last quarter. Finally, Certuity LLC grew its stake in Blue Owl Capital by 1,255.2% in the first quarter. Certuity LLC now owns 813,768 shares of the company's stock valued at $11,930,000 after purchasing an additional 753,721 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.14 during mid-day trading on Thursday, reaching $14.36. 2,295,100 shares of the stock were exchanged, compared to its average volume of 2,446,779. The company has a 50 day simple moving average of $14.43 and a 200-day simple moving average of $14.44. The stock has a market capitalization of $7.34 billion, a P/E ratio of 9.51 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. Analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share 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. Shareholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis 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 98.01%.

Analyst Ratings Changes

OBDC has been the subject of several research analyst reports. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. 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 stock. Based on data from MarketBeat, the company 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.