Oarsman Capital Inc. Grows Position in Blue Owl Capital Corporation $OBDC

Key Points

• Oarsman Capital Inc. increased its holdings in Blue Owl Capital by 46%, owning 134,055 shares worth approximately $1.97 million at the end of Q1.
• Blue Owl Capital is set to pay a dividend of $0.02 per share on September 15, representing a boost from its previous dividend of $0.01.
• Several analysts have given Blue Owl Capital a positive outlook, with price targets averaging around $15.42 and ratings ranging from "buy" to "strong-buy."

Oarsman Capital Inc. raised its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 46.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,055 shares of the company's stock after acquiring an additional 42,213 shares during the period. Oarsman Capital Inc.'s holdings in Blue Owl Capital were worth $1,965,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Blue Owl Capital by 85.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock worth $15,042,000 after acquiring an additional 474,100 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock worth $46,227,000 after acquiring an additional 129,038 shares in the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Blue Owl Capital in the 1st quarter worth $887,000. Finally, Round Rock Advisors LLC increased its holdings in Blue Owl Capital by 195.6% in the 1st quarter. Round Rock Advisors LLC now owns 134,586 shares of the company's stock worth $1,973,000 after acquiring an additional 89,054 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.8%

Shares of OBDC stock traded up $0.12 on Monday, hitting $14.34. 1,571,156 shares of the stock traded hands, compared to its average volume of 2,510,817. The firm's 50-day moving average price is $14.44 and its two-hundred day moving average price is $14.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $7.33 billion, a PE ratio of 9.49 and a beta of 0.76. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73.

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 the consensus estimate of $0.39 by $0.01. The firm had revenue of $485.84 million for the quarter, compared to analyst estimates 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, analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, August 29th. This is a positive change 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%. Blue Owl Capital's payout ratio is currently 98.01%.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent analyst reports. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target for the company. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital 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.