HighTower Advisors LLC Purchases 81,794 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• HighTower Advisors LLC increased its position in Blue Owl Capital Corporation by 10.6% during the first quarter, now holding 854,969 shares valued at approximately $12.53 million.
• Blue Owl Capital reported a quarterly earnings per share of $0.40, surpassing estimates, with a revenue of $485.84 million for the same period.
• The company declared a quarterly dividend of $0.37, yielding 10.5%, with a payout ratio of 98.01% due to its strong net margin of 38.29%.

HighTower Advisors LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 854,969 shares of the company's stock after purchasing an additional 81,794 shares during the quarter. HighTower Advisors LLC owned approximately 0.17% of Blue Owl Capital worth $12,534,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. Oregon Public Employees Retirement Fund increased its position in Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after acquiring an additional 11,098,695 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Blue Owl Capital by 8,188.9% during 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 last quarter. Trustees of Dartmouth College acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $48,774,000. HB Wealth Management LLC raised its position in Blue Owl Capital by 311.3% in the 1st quarter. HB Wealth Management LLC now owns 1,131,920 shares of the company's stock worth $16,594,000 after purchasing an additional 856,735 shares during the last quarter. Finally, Enstar Group LTD acquired a new position in Blue Owl Capital during the 4th quarter worth $10,139,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.2%

NYSE:OBDC traded up $0.0250 on Tuesday, reaching $14.1850. The company's stock had a trading volume of 2,604,798 shares, compared to its average volume of 2,532,653. 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 1-year low of $12.11 and a 1-year high of $15.73. The business's 50-day moving average price is $14.50 and its two-hundred day moving average price is $14.51. The firm has a market cap of $7.25 billion, a PE ratio of 9.39 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (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%. Equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.4%. The ex-dividend date is Tuesday, September 30th. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three investment 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 data from MarketBeat.com, Blue Owl Capital has an average rating of "Buy" and a consensus target price of $15.42.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, the director directly owned 28,191 shares in the company, valued at approximately $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

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.