EP Wealth Advisors LLC Takes Position in Blue Owl Capital Corporation $OBDC

Key Points

• EP Wealth Advisors LLC has acquired a new stake worth approximately $4.14 million in Blue Owl Capital Corporation, purchasing 282,081 shares.
• Blue Owl Capital reported earnings of $0.40 EPS for the last quarter, surpassing analysts' estimates, while the company also increased its quarterly dividend to $0.02 per share.
• Wall Street analysts have rated Blue Owl Capital with a consensus "Buy," projecting a target price of $15.42 per share.

EP Wealth Advisors LLC purchased a new stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 282,081 shares of the company's stock, valued at approximately $4,135,000. EP Wealth Advisors LLC owned 0.06% of Blue Owl Capital as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OBDC. SVB Wealth LLC acquired a new position in Blue Owl Capital in the first quarter valued at about $28,000. Lazard Asset Management LLC bought a new position in shares of Blue Owl Capital during the fourth quarter worth about $49,000. Roxbury Financial LLC bought a new position in shares of Blue Owl Capital during the first quarter worth about $50,000. Zions Bancorporation National Association UT bought a new position in shares of Blue Owl Capital during the first quarter worth about $59,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Blue Owl Capital during the first quarter worth about $61,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Analysts Set New Price Targets

OBDC has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. B. Riley initiated coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.07 during mid-day trading on Tuesday, reaching $14.25. 802,516 shares of the company were exchanged, compared to its average volume of 3,144,353. The company has a fifty day simple moving average of $14.42 and a 200-day simple moving average of $14.41. 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. The firm has a market cap of $7.28 billion, a PE ratio of 9.43 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results 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 for 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%. As a group, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

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

About Blue Owl Capital

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.