Ethos Financial Group LLC Has $618,000 Stock Position in Blue Owl Capital Corporation $OBDC

Key Points

• Ethos Financial Group LLC increased its stake in Blue Owl Capital Corporation by 6,181.8%, acquiring an additional 41,418 shares, bringing its total holdings to 42,088 shares valued at $618,000.
• Several institutional investors, including Oregon Public Employees Retirement Fund and Cresset Asset Management LLC, also significantly increased their positions in Blue Owl Capital during the first quarter.
• Blue Owl Capital will pay a quarterly dividend of $0.37 per share on October 15th, translating to an annualized yield of 10.5%.

Ethos Financial Group LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 6,181.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,088 shares of the company's stock after acquiring an additional 41,418 shares during the quarter. Ethos Financial Group LLC's holdings in Blue Owl Capital were worth $618,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OBDC. Lazard Asset Management LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $49,000. Roxbury Financial LLC acquired a new position in Blue Owl Capital in the first quarter valued at about $50,000. Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital in the first quarter valued at about $59,000. Caitong International Asset Management Co. Ltd acquired a new position in Blue Owl Capital in the first quarter valued at about $61,000. Finally, Versant Capital Management Inc acquired a new position in Blue Owl Capital in the first quarter valued at about $63,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price on the stock. Wells Fargo & Company dropped their price target on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three 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 data from MarketBeat, Blue Owl Capital has an average rating of "Buy" and a consensus target price of $15.42.

Blue Owl Capital Stock Up 1.3%

Blue Owl Capital stock traded up $0.1850 during midday trading on Friday, reaching $14.2550. The stock had a trading volume of 2,591,995 shares, compared to its average volume of 3,209,136. The firm's fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.50. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73. The stock has a market capitalization of $7.29 billion, a P/E ratio of 9.44 and a beta of 0.74. 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 (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business 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, analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Tuesday, September 30th. Blue Owl Capital's payout ratio is currently 98.01%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the purchase, the director owned 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.