Epiq Partners LLC Acquires 33,416 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Epiq Partners LLC has increased its holdings in Blue Owl Capital Corporation by 7.4%, now owning approximately 486,784 shares, which constitutes about 3.6% of its investment portfolio.
• Blue Owl Capital's stock has been upgraded to a "strong-buy" rating by LADENBURG THALM/SH SH, with a consensus "Buy" rating and an average price target of $15.42.
• The company recently declared a quarterly dividend of $0.02 per share, up from the previous $0.01, with a notable payout ratio of 98.01%.

Epiq Partners LLC boosted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 486,784 shares of the company's stock after purchasing an additional 33,416 shares during the period. Blue Owl Capital comprises approximately 3.6% of Epiq Partners LLC's investment portfolio, making the stock its 8th biggest holding. Epiq Partners LLC owned approximately 0.10% of Blue Owl Capital worth $6,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of 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 acquiring an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC boosted its position in Blue Owl Capital by 85.8% during the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock worth $123,979,000 after purchasing an additional 3,809,000 shares in the last quarter. Royal Bank of Canada raised its position in shares of Blue Owl Capital by 3.0% in the first quarter. Royal Bank of Canada now owns 7,608,871 shares of the company's stock valued at $111,546,000 after buying an additional 221,571 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Blue Owl Capital by 8.4% in the first quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company's stock valued at $76,083,000 after purchasing an additional 403,784 shares during the last quarter. Finally, Brown University increased its position in Blue Owl Capital by 17.9% during the first quarter. Brown University now owns 4,348,863 shares of the company's stock worth $63,754,000 after purchasing an additional 660,136 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC traded up $0.17 during midday trading on Friday, reaching $14.01. The company had a trading volume of 6,940,524 shares, compared to its average volume of 2,623,267. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The company's 50 day moving average price is $14.33 and its 200 day moving average price is $14.34. The stock has a market cap of $7.16 billion, a P/E ratio of 9.28 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The business 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%. As a group, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date 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 dividend payout ratio is presently 98.01%.

Wall Street Analyst Weigh In

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