Blue Owl Capital Corporation $OBDC Stock Holdings Reduced by Oregon Public Employees Retirement Fund

Key Points

• The Oregon Public Employees Retirement Fund reduced its stake in Blue Owl Capital Corporation by 1.5%, resulting in ownership of approximately 15.85 million shares, which constitutes 4.0% of its investment portfolio.
• Blue Owl Capital recently announced an increase in its quarterly dividend from $0.01 to $0.02, yielding an annualized rate of 0.7% with a payout ratio of 98.01%.
• Wall Street analysts have a consensus rating of "Buy" for Blue Owl Capital, with a target price of $15.21, after several firms assigned either "strong-buy" or "outperform" ratings.

Oregon Public Employees Retirement Fund decreased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,853,675 shares of the company's stock after selling 245,020 shares during the quarter. Blue Owl Capital makes up 4.0% of Oregon Public Employees Retirement Fund's investment portfolio, making the stock its 4th largest position. Oregon Public Employees Retirement Fund owned approximately 3.10% of Blue Owl Capital worth $227,342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in Blue Owl Capital during the second quarter worth about $734,619,000. Cresset Asset Management LLC lifted its stake in shares of Blue Owl Capital by 85.8% during the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock valued at $123,979,000 after buying an additional 3,809,000 shares in the last quarter. Hamilton Lane Advisors LLC bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $48,845,000. Trustees of Dartmouth College purchased a new position in Blue Owl Capital in the 1st quarter valued at approximately $48,774,000. Finally, Strs Ohio bought a new stake in Blue Owl Capital during the 1st quarter valued at $28,848,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Down 0.8%

Blue Owl Capital stock opened at $12.13 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. Blue Owl Capital Corporation has a fifty-two week low of $12.04 and a fifty-two week high of $15.73. The stock has a market cap of $6.20 billion, a P/E ratio of 8.03 and a beta of 0.75. The firm's fifty day moving average price is $13.76 and its 200-day moving average price is $14.12.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. Equities research 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. 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 0.7%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's payout ratio is 98.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $15.21.

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.

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