Ethos Financial Group LLC Boosts Holdings 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 raised its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 6,181.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,088 shares of the company's stock after purchasing an additional 41,418 shares during the quarter. Ethos Financial Group LLC's holdings in Blue Owl Capital were worth $618,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $49,000. Roxbury Financial LLC bought a new position in Blue Owl Capital in the 1st quarter worth about $50,000. Zions Bancorporation National Association UT bought a new position in Blue Owl Capital in the 1st quarter worth about $59,000. Caitong International Asset Management Co. Ltd bought a new position in Blue Owl Capital in the 1st quarter worth about $61,000. Finally, Versant Capital Management Inc bought a new position in Blue Owl Capital in the 1st quarter worth about $63,000. 42.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the purchase, the director directly owned 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Up 1.3%

Shares of OBDC traded up $0.1850 during mid-day trading on Friday, hitting $14.2550. The company's stock had a trading volume of 2,592,178 shares, compared to its average volume of 2,592,049. The company's 50-day moving average is $14.47 and its 200-day moving average is $14.50. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.44 and a beta of 0.74. 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 announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. On average, equities research analysts forecast 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 dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.02 dividend. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 1,139.0%. This is an increase from Blue Owl Capital's previous dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research analyst reports. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, B. Riley assumed coverage on shares of 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. Three 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 MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $15.42.

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.