FORA Capital LLC Buys 24,509 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• FORA Capital LLC increased its stake in Blue Owl Capital Corporation by 236.2%, now owning 34,887 shares with a value of $511,000 as of the last quarter.
• Blue Owl Capital recently announced a quarterly dividend increase to $0.02 per share, up from $0.01, with a payout ratio of 98.01%.
• The stock has a current market cap of $7.27 billion and reported earnings of $0.40 per share, surpassing analysts' expectations of $0.39.

FORA Capital LLC grew its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 236.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,887 shares of the company's stock after purchasing an additional 24,509 shares during the quarter. FORA Capital LLC's holdings in Blue Owl Capital were worth $511,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OBDC. First Trust Advisors LP grew its stake in shares of Blue Owl Capital by 3.4% during the fourth quarter. First Trust Advisors LP now owns 129,785 shares of the company's stock valued at $1,962,000 after acquiring an additional 4,313 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after purchasing an additional 1,083 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Blue Owl Capital by 14.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 19,295 shares of the company's stock valued at $292,000 after buying an additional 2,395 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of Blue Owl Capital by 22.7% in the 4th quarter. Two Sigma Securities LLC now owns 12,907 shares of the company's stock valued at $195,000 after buying an additional 2,387 shares during the period. Finally, Lido Advisors LLC lifted its holdings in Blue Owl Capital by 2.9% in the fourth quarter. Lido Advisors LLC now owns 187,135 shares of the company's stock worth $2,889,000 after acquiring an additional 5,279 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OBDC traded down $0.15 during mid-day trading on Tuesday, hitting $14.20. 1,743,466 shares of the company's stock traded hands, compared to its average volume of 3,168,718. The firm has a 50 day moving average of $14.44 and a two-hundred day moving average of $14.45. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.39 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $480.42 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.02 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio is 98.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on OBDC shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Finally, LADENBURG THALM/SH SH raised 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 given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus 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.