Palogic Value Management L.P. Purchases 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. raised its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,562 shares of the company's stock after acquiring an additional 21,026 shares during the quarter. Palogic Value Management L.P.'s holdings in Blue Owl Capital were worth $2,031,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OBDC. BNP Paribas Financial Markets purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $673,000. Baird Financial Group Inc. lifted its holdings in shares of Blue Owl Capital by 10.8% during the fourth quarter. Baird Financial Group Inc. now owns 14,555 shares of the company's stock valued at $220,000 after purchasing an additional 1,422 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Blue Owl Capital by 74.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 446,877 shares of the company's stock valued at $6,757,000 after purchasing an additional 191,051 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $49,000. Finally, Obermeyer Wealth Partners lifted its holdings in shares of Blue Owl Capital by 1.2% during the fourth quarter. Obermeyer Wealth Partners now owns 145,684 shares of the company's stock valued at $2,203,000 after purchasing an additional 1,661 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent research reports. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Three research 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. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $14.30 on Tuesday. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73. The firm has a market cap of $7.31 billion, a P/E ratio of 9.47 and a beta of 0.76. The company has a 50 day moving average of $14.42 and a 200 day moving average of $14.41. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20.

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 for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The company had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 represents a $0.08 dividend on an annualized basis and a yield of 0.6%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) 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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