Oarsman Capital Inc. Grows Stock Holdings 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. boosted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 46.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Equity Partners lifted its stake in shares of 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 acquiring an additional 742 shares during the last quarter. BlueStem Wealth Partners LLC increased its stake in shares of Blue Owl Capital by 2.5% in the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock valued at $480,000 after buying an additional 784 shares during the period. Flagship Harbor Advisors LLC increased its stake 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 buying an additional 798 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Blue Owl Capital by 2.7% in the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock valued at $548,000 after buying an additional 996 shares during the period. Finally, Essex Financial Services Inc. increased its stake in shares of Blue Owl Capital by 3.3% in the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Analysts Set New Price Targets

OBDC has been the subject of a number of recent research reports. B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, LADENBURG THALM/SH SH upgraded 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 given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Trading Down 0.9%

Shares of Blue Owl Capital stock traded down $0.13 on Tuesday, reaching $14.22. 996,970 shares of the company's stock were exchanged, compared to its average volume of 3,164,314. The company has a market capitalization of $7.26 billion, a P/E ratio of 9.42 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 firm's 50-day moving average is $14.44 and its two-hundred day moving average is $14.45. 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 issued 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 return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

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.