Fox Run Management L.L.C. Acquires 45,700 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Fox Run Management L.L.C. increased its holdings in Blue Owl Capital by 77.8%, owning 104,417 shares valued at approximately $1.53 million as of its most recent SEC filing.
• The company reported a quarterly EPS of $0.40, beating analyst estimates, along with revenues of $485.84 million for the quarter.
• Blue Owl Capital announced a quarterly dividend of $0.37 per share, resulting in an annual yield of 10.3%, with a payout ratio of 98.01%.

Fox Run Management L.L.C. grew its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 77.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,417 shares of the company's stock after buying an additional 45,700 shares during the quarter. Fox Run Management L.L.C.'s holdings in Blue Owl Capital were worth $1,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in OBDC. Oregon Public Employees Retirement Fund boosted its holdings in Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after purchasing an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC raised its position in shares of Blue Owl Capital by 8,188.9% in the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after purchasing an additional 4,385,987 shares during the period. Trustees of Dartmouth College bought a new position in Blue Owl Capital during the first quarter worth about $48,774,000. Raymond James Financial Inc. bought a new position in Blue Owl Capital during the fourth quarter worth about $28,434,000. Finally, HB Wealth Management LLC grew its stake in Blue Owl Capital by 311.3% during the first quarter. HB Wealth Management LLC now owns 1,131,920 shares of the company's stock worth $16,594,000 after buying an additional 856,735 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director owned 28,191 shares of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Blue Owl Capital Stock Down 1.1%

OBDC stock traded down $0.16 during midday trading on Friday, reaching $14.14. 3,039,557 shares of the company's stock traded hands, compared to its average volume of 2,566,091. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 9.36 and a beta of 0.74. The firm's fifty day moving average price is $14.52 and its 200-day moving average price is $14.52. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 38.29% and a return on equity of 11.24%. As a group, sell-side analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Blue Owl Capital's payout ratio is currently 98.01%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective 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 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. B. Riley started coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Finally, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price 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.