Focus Partners Advisor Solutions LLC Purchases New Position 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 Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,425 shares of the company's stock, valued at approximately $285,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in Blue Owl Capital in the 1st quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at approximately $49,000. Roxbury Financial LLC purchased a new stake in Blue Owl Capital in the 1st quarter valued at approximately $50,000. Zions Bancorporation National Association UT purchased a new stake in Blue Owl Capital in the 1st quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Blue Owl Capital in the 1st quarter valued at approximately $61,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on OBDC shares. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. 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 company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Trading Up 0.6%

Shares of OBDC stock traded up $0.09 on Thursday, reaching $14.24. 1,050,005 shares of the stock were exchanged, compared to its average volume of 3,130,744. The stock has a market cap of $7.27 billion, a P/E ratio of 9.42 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $14.41 and a two-hundred day moving average of $14.40. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. On average, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.02 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.08 annualized dividend 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 payout ratio is currently 98.01%.

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.