Generali Asset Management SPA SGR Buys 90,878 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Generali Asset Management SPA SGR increased its stake in Blue Owl Capital Corporation by 2.1% in Q2, now holding approximately 4.38 million shares valued at around $62.78 million.
• Blue Owl Capital has recently increased its quarterly dividend to $0.02 per share, indicating a positive change in their dividend policy.
• The company's latest earnings report showed a net margin of 38.29% and earnings of $0.40 per share, surpassing analysts' expectations.

Generali Asset Management SPA SGR raised its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,377,807 shares of the company's stock after purchasing an additional 90,878 shares during the quarter. Blue Owl Capital accounts for about 1.4% of Generali Asset Management SPA SGR's portfolio, making the stock its 11th biggest position. Generali Asset Management SPA SGR owned approximately 0.86% of Blue Owl Capital worth $62,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of OBDC. Golden State Equity Partners raised its position in Blue Owl Capital by 1.7% in the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after buying an additional 742 shares during the last quarter. BlueStem Wealth Partners LLC grew its stake in shares of Blue Owl Capital by 2.5% in the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after acquiring an additional 784 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Blue Owl Capital by 6.1% in the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after purchasing an additional 798 shares during the last quarter. NorthRock Partners LLC raised its holdings in shares of Blue Owl Capital by 5.4% in the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company's stock valued at $281,000 after purchasing an additional 975 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock valued at $548,000 after purchasing an additional 996 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $12.87 on Wednesday. The company has a market capitalization of $6.57 billion, a PE ratio of 8.52 and a beta of 0.75. 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 Corporation has a 52-week low of $12.04 and a 52-week high of $15.73. The company has a 50-day simple moving average of $13.71 and a 200 day simple moving average of $14.09.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $480.42 million. On average, research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.6%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's dividend payout ratio is currently 98.01%.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an "outperform" rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $15.21.

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.

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