Blue Owl Capital Corporation $OBDC Shares Purchased by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Blue Owl Capital Corporation by 102.8% during the first quarter, owning 151,653 shares valued at approximately $2.2 million.
• Blue Owl Capital recently declared a dividend of $0.02 per share, marking a significant increase from its previous dividend of $0.01, with a dividend yield of 1,139.0%.
• Analysts generally rate Blue Owl Capital positively, with an average rating of "Buy" and a target price of $15.42, followed by recent upgrades from various research firms.

Credit Agricole S A boosted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 102.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,653 shares of the company's stock after buying an additional 76,868 shares during the period. Credit Agricole S A's holdings in Blue Owl Capital were worth $2,223,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth $49,000. Roxbury Financial LLC bought a new position in shares of Blue Owl Capital during the first quarter valued at $50,000. Zions Bancorporation National Association UT bought a new position in shares of Blue Owl Capital during the first quarter valued at $59,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Blue Owl Capital during the first quarter valued at $61,000. Finally, Versant Capital Management Inc bought a new position in shares of Blue Owl Capital during the first quarter valued at $63,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded up $0.04 on Thursday, hitting $14.25. The company's stock had a trading volume of 1,566,470 shares, compared to its average volume of 3,181,670. 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 1 year low of $12.11 and a 1 year high of $15.73. The firm has a fifty day moving average price of $14.45 and a 200-day moving average price of $14.48. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 9.42 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping 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 company had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio (DPR) is currently 98.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OBDC. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada reissued 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 assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.42.

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.