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

Key Points

• Palogic Value Management L.P. increased its stake in Blue Owl Capital Corporation by 17.9%, acquiring an additional 21,026 shares during the first quarter, bringing its total holdings to 138,562 shares valued at approximately $2.03 million.
• Analysts have a generally positive outlook on Blue Owl Capital, with three rating it as a Strong Buy and an average target price of $15.42.
• The company recently announced a dividend increase to $0.02 per share, up from $0.01, reflecting its solid financial performance with a net margin of 38.29%.

Palogic Value Management L.P. increased its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 17.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,562 shares of the company's stock after purchasing an additional 21,026 shares during the period. Palogic Value Management L.P.'s holdings in Blue Owl Capital were worth $2,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Blue Owl Capital by 85.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after purchasing an additional 474,100 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 4.3% during the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Blue Owl Capital during the first quarter valued at approximately $887,000. Round Rock Advisors LLC increased its holdings in Blue Owl Capital by 195.6% during the first quarter. Round Rock Advisors LLC now owns 134,586 shares of the company's stock valued at $1,973,000 after buying an additional 89,054 shares during the last quarter. Finally, Castle Wealth Management LLC purchased a new stake in Blue Owl Capital during the first quarter valued at approximately $284,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.12 during midday trading on Friday, reaching $14.15. 2,034,532 shares of the company's stock traded hands, compared to its average volume of 2,247,047. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The stock has a market cap of $7.23 billion, a P/E ratio of 9.37 and a beta of 0.76. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The stock's 50-day moving average is $14.40 and its 200 day moving average is $14.38.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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 firm had revenue of $485.84 million during the quarter, compared to analysts' expectations 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, August 29th. Blue Owl Capital's dividend payout ratio is currently 98.01%.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Company 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.