HB Wealth Management LLC Has $10.58 Million Position in Blue Owl Capital Corporation $OBDC

Key Points

• HB Wealth Management LLC reduced its holdings in Blue Owl Capital Corporation by 34.8%, selling 393,861 shares, which brings its total ownership to approximately 0.14% of the company valued at $10.58 million.
• Wall Street analysts have shown positive sentiment towards Blue Owl Capital, with an average rating of "Buy" and an average price target of $15.42.
• Blue Owl Capital recently increased its quarterly dividend to $0.02, up from $0.01, resulting in an annualized yield of 0.6%.

HB Wealth Management LLC reduced its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 34.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 738,059 shares of the company's stock after selling 393,861 shares during the period. HB Wealth Management LLC owned about 0.14% of Blue Owl Capital worth $10,584,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in Blue Owl Capital in the first quarter valued at about $50,000. Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital in the first quarter valued at about $59,000. Caitong International Asset Management Co. Ltd bought a new stake in Blue Owl Capital during the first quarter worth about $61,000. Finally, Versant Capital Management Inc bought a new stake in Blue Owl Capital during the first quarter worth about $63,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three equities research 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Trading Down 0.2%

Shares of NYSE OBDC opened at $13.22 on Tuesday. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73. The company has a market cap of $6.75 billion, a PE ratio of 8.75 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $14.14 and a two-hundred day moving average of $14.28.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping 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 company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. As a group, equities analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.02 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's payout ratio is presently 98.01%.

About Blue Owl Capital

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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