Border to Coast Pensions Partnership Ltd Buys 50,000 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in Blue Owl Capital by 4.0%, owning approximately 1,300,000 shares valued at $18.6 million.
• Blue Owl Capital reported a 0.02 dividend per share recently, up from the previous 0.01, reflecting improved financial performance.
• Wall Street analysts currently have a consensus rating of "Buy" for Blue Owl Capital, with an average price target of $15.42.

Border to Coast Pensions Partnership Ltd raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,300,000 shares of the company's stock after buying an additional 50,000 shares during the period. Border to Coast Pensions Partnership Ltd owned about 0.25% of Blue Owl Capital worth $18,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Equity Partners increased its position in shares of Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after purchasing an additional 742 shares during the period. BlueStem Wealth Partners LLC raised its position in Blue Owl Capital by 2.5% in the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after purchasing an additional 784 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Blue Owl Capital by 6.1% during the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after purchasing an additional 798 shares during the period. Avantax Advisory Services Inc. lifted its stake in Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock worth $548,000 after purchasing an additional 996 shares during the period. Finally, Essex Financial Services Inc. boosted its holdings in Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after purchasing an additional 1,000 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Trading Down 2.9%

Shares of NYSE OBDC traded down $0.41 during midday trading on Monday, reaching $13.61. 4,867,231 shares of the stock were exchanged, compared to its average volume of 3,197,511. The business has a 50-day simple moving average of $14.33 and a two-hundred day simple moving average of $14.33. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 9.01 and a beta of 0.76. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month 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 announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The company had revenue of $485.84 million for the quarter, compared to analysts' expectations 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, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 29th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) is presently 98.01%.

Blue Owl Capital 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.