Eagle Global Advisors LLC Buys 27,585 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Eagle Global Advisors LLC significantly increased its holdings in Blue Owl Capital by 82% during the second quarter, acquiring an additional 27,585 shares to bring its total to 61,230 shares valued at approximately $878,000.
• Blue Owl Capital has recently announced a quarterly dividend increase from $0.01 to $0.02 per share, resulting in an annualized dividend of $0.08 and a yield of 0.6% despite a high payout ratio of 98.01%.
• Analysts have a consensus rating of "Buy" for Blue Owl Capital, with an average target price of $15.42, following recent upgrades to a "strong-buy" rating by some firms.

Eagle Global Advisors LLC increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 82.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,230 shares of the company's stock after buying an additional 27,585 shares during the period. Eagle Global Advisors LLC's holdings in Blue Owl Capital were worth $878,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of OBDC. Kingstone Capital Partners Texas LLC bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $734,619,000. Oregon Public Employees Retirement Fund boosted its holdings in Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after buying an additional 11,098,695 shares during the period. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 85.8% in the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock worth $123,979,000 after buying an additional 3,809,000 shares during the period. Hamilton Lane Advisors LLC bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $48,845,000. Finally, Trustees of Dartmouth College bought a new position in Blue Owl Capital in the 1st quarter worth approximately $48,774,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 1.0%

Shares of NYSE:OBDC opened at $13.24 on Friday. The firm has a fifty day moving average price of $14.17 and a two-hundred day moving average price of $14.29. 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 one year low of $12.11 and a one year high of $15.73. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 8.77 and a beta of 0.76.

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, topping 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 company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's payout ratio is presently 98.01%.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three equities 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 stock. According to data from MarketBeat.com, the company currently has an average 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.

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