Palogic Value Management L.P. Purchases 21,026 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Palogic Value Management L.P. increased its holdings in Blue Owl Capital by 17.9%, owning 138,562 shares worth approximately $2.03 million as of its latest SEC filing.
• Blue Owl Capital received positive ratings from analysts, with a consensus Buy rating and an average price target of $15.42.
• The company recently announced a quarterly dividend increase to $0.02 per share, signifying a positive change from its previous dividend of $0.01.

Palogic Value Management L.P. lifted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 17.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 138,562 shares of the company's stock after purchasing an additional 21,026 shares during the quarter. Palogic Value Management L.P.'s holdings in Blue Owl Capital were worth $2,031,000 as of its most recent filing with the SEC.

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

Blue Owl Capital Trading Up 0.4%

Shares of Blue Owl Capital stock traded up $0.06 during trading hours on Thursday, hitting $14.28. The company's stock had a trading volume of 773,033 shares, compared to its average volume of 3,161,976. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The stock has a 50 day moving average of $14.43 and a 200 day moving average of $14.45. The company has a market capitalization of $7.30 billion, a PE ratio of 9.45 and a beta of 0.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick 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 for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. Analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current 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 paid a $0.02 dividend. This is a positive change 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 is Friday, August 29th. Blue Owl Capital's dividend payout ratio is currently 98.01%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Finally, LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of "Buy" and an average target price of $15.42.

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.