Focus Partners Advisor Solutions LLC Invests $285,000 in Blue Owl Capital Corporation $OBDC

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake in Blue Owl Capital Corporation, purchasing 19,425 shares valued at approximately $285,000 during the first quarter of 2023.
• Blue Owl Capital reported quarterly earnings of $0.40 per share, exceeding analysts' expectations, and also declared a quarterly dividend increase from $0.01 to $0.02, scheduled for payment on September 15th.
• The company has a current market capitalization of $7.32 billion, with shares trading down 0.3%, and analysts maintain a consensus rating of "Buy" with a target price of $15.42.

Focus Partners Advisor Solutions LLC bought 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. The firm bought 19,425 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Blue Owl Capital by 85.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after purchasing an additional 474,100 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Blue Owl Capital by 4.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Blue Owl Capital during the 1st quarter valued at $887,000. Round Rock Advisors LLC grew its holdings in shares of Blue Owl Capital by 195.6% during the 1st quarter. Round Rock Advisors LLC now owns 134,586 shares of the company's stock valued at $1,973,000 after purchasing an additional 89,054 shares during the last quarter. Finally, Castle Wealth Management LLC bought a new position in shares of Blue Owl Capital during the 1st quarter valued at $284,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Down 0.8%

Blue Owl Capital stock traded down $0.12 during trading hours on Friday, reaching $14.15. The stock had a trading volume of 2,034,532 shares, compared to its average volume of 2,247,047. The stock has a market cap of $7.23 billion, a PE ratio of 9.37 and a beta of 0.76. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week 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 company has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $14.39.

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 (EPS) for the quarter, topping 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 net margin of 38.29% and a return on equity of 11.24%. Analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's dividend payout ratio is 98.01%.

Analysts Set New Price Targets

Several research firms recently commented on OBDC. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Three investment 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 stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Company 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.