Integrated Wealth Concepts LLC Acquires 29,521 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Integrated Wealth Concepts LLC significantly increased its holdings in Blue Owl Capital by 217.9%, acquiring an additional 29,521 shares in the first quarter, bringing its total to 43,069 shares valued at $631,000.
• Blue Owl Capital has received a "strong-buy" rating from LADENBURG THALM/SH SH, contributing to a consensus average rating of "Buy" with a target price of $15.42.
• The company declared an increase in its quarterly dividend to $0.02, payable on September 15, 2023, with a dividend yield of 0.6%, up from the previous $0.01 quarterly dividend.

Integrated Wealth Concepts LLC lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 217.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,069 shares of the company's stock after acquiring an additional 29,521 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Blue Owl Capital were worth $631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OBDC. SVB Wealth LLC bought a new position in Blue Owl Capital during the first quarter worth $28,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth about $50,000. Lazard Asset Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth about $49,000. Zions Bancorporation National Association UT bought a new stake in shares of Blue Owl Capital during the 1st quarter worth about $59,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Blue Owl Capital during the 1st quarter worth about $61,000. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report 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's stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Buy" and a consensus target price of $15.42.

Blue Owl Capital Trading Down 0.8%

Shares of Blue Owl Capital stock opened at $14.15 on Friday. The firm has a 50-day moving average of $14.40 and a 200-day moving average of $14.39. The stock has a market cap of $7.23 billion, a PE ratio of 9.37 and a beta of 0.76. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week 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 posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The firm had revenue of $485.84 million during the quarter, compared to the consensus estimate 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 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend 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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