Truvestments Capital LLC Acquires 95,166 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Truvestments Capital LLC has increased its position in Blue Owl Capital Corporation by 46.4%, acquiring an additional 95,166 shares in the first quarter, totaling 300,345 shares held.
• Blue Owl Capital recently announced a dividend increase from $0.01 to $0.02, reflecting a significant yield of 1,139.0% with a payout ratio of 98.01%.
• Analysts have given Blue Owl Capital a consensus rating of "Buy", with target prices ranging from $15.00 to $16.00, and three analysts indicating a strong buy opportunity.

Truvestments Capital LLC lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,345 shares of the company's stock after buying an additional 95,166 shares during the quarter. Blue Owl Capital comprises approximately 1.0% of Truvestments Capital LLC's investment portfolio, making the stock its 27th biggest holding. Truvestments Capital LLC owned about 0.06% of Blue Owl Capital worth $4,403,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $28,000. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $49,000. Roxbury Financial LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $50,000. Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital during the first quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Blue Owl Capital during the first quarter valued at approximately $61,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Up 0.8%

OBDC traded up $0.12 during trading on Monday, reaching $14.34. The company had a trading volume of 1,571,156 shares, compared to its average volume of 2,510,817. 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 Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The business's fifty day moving average price is $14.44 and its 200 day moving average price is $14.46. The company has a market cap of $7.33 billion, a P/E ratio of 9.49 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share 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 firm had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Equities analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business 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 $0.02 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is an increase 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%. Blue Owl Capital's payout ratio is presently 98.01%.

Analysts Set New Price Targets

OBDC has been the subject of a number of analyst reports. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Three 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's stock. According to MarketBeat.com, the stock currently has an average 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.