Blue Owl Capital Corporation $OBDC Shares Purchased by Partners Group Holding AG

Key Points

• Partners Group Holding AG increased its stake in Blue Owl Capital Corporation by 34.5% in Q1, owning approximately 0.09% valued at $6.64 million.
• Several institutional investors, including Sumitomo Mitsui Trust Group, raised their stakes significantly during Q1, indicating strong interest in Blue Owl Capital with 42.83% of the stock held by hedge funds and institutional investors.
• Blue Owl Capital announced a quarterly dividend of $0.37 per share, amounting to an annualized dividend yield of 10.5%, reflecting the firm's robust financial performance.

Partners Group Holding AG lifted its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 34.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,976 shares of the company's stock after acquiring an additional 116,124 shares during the quarter. Partners Group Holding AG owned 0.09% of Blue Owl Capital worth $6,641,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $50,000. Lazard Asset Management LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth about $49,000. Zions Bancorporation National Association UT bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $59,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $61,000. Finally, Versant Capital Management Inc bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $63,000. Institutional investors own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. B. Riley assumed coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective 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 price objective 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 issued a Hold rating to the company's stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Buy" and an average target price of $15.42.

Insiders Place Their Bets

In related news, Director Victor Woolridge bought 6,915 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director owned 28,191 shares in the company, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Down 0.5%

NYSE OBDC traded down $0.0650 during trading on Thursday, reaching $14.0850. 1,240,625 shares of the company's stock traded hands, compared to its average volume of 3,202,587. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 9.33 and a beta of 0.74. The company's 50 day simple moving average is $14.49 and its two-hundred day simple moving average is $14.51. Blue Owl Capital Corporation has a 12-month low of $12.11 and a 12-month high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating 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 analysts' expectations of $480.42 million. As a group, sell-side analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Blue Owl Capital's payout ratio is currently 98.01%.

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.