Blue Owl Capital Corporation $OBDC Shares Acquired by Fox Run Management L.L.C.

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 shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 77.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,417 shares of the company's stock after buying an additional 45,700 shares during the period. 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.

Other hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC increased its position in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after buying an additional 1,500 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Blue Owl Capital during the fourth quarter worth $49,000. Roxbury Financial LLC purchased a new position in Blue Owl Capital during the first quarter worth $50,000. Zions Bancorporation National Association UT purchased a new position in Blue Owl Capital during the first quarter worth $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Blue Owl Capital during the first quarter worth $61,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.2%

Blue Owl Capital stock traded up $0.0350 during midday trading on Tuesday, reaching $14.1950. The stock had a trading volume of 1,144,785 shares, compared to its average volume of 3,209,194. The stock's 50-day simple moving average is $14.51 and its 200 day simple moving average is $14.51. The stock has a market capitalization of $7.25 billion, a PE ratio of 9.39 and a beta of 0.74. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73. 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 issued 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 company had revenue of $485.84 million for the quarter, compared to analysts' expectations of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. Analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis 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 related news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the purchase, the director directly owned 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OBDC. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Finally, B. Riley began coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Three equities research 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 data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus 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.