Strs Ohio Takes $28.85 Million Position in Blue Owl Capital Corporation $OBDC

Key Points

• Strs Ohio invested approximately $28.85 million in Blue Owl Capital Corporation, acquiring nearly 1.97 million shares, representing about 0.39% of the company.
• Institutional investors hold 42.83% of Blue Owl Capital's stock, with significant increases in stake from entities like the Oregon Public Employees Retirement Fund and Cresset Asset Management during the 1st quarter.
• Blue Owl Capital recently declared a dividend of $0.02 per share, marking an increase from its prior dividend of $0.01, with a current yield of 0.6%.

Strs Ohio purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,967,786 shares of the company's stock, valued at approximately $28,848,000. Strs Ohio owned approximately 0.39% of Blue Owl Capital as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC purchased a new position in Blue Owl Capital in the 1st quarter valued at approximately $28,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth $50,000. Lazard Asset Management LLC bought a new stake in Blue Owl Capital in the fourth quarter worth $49,000. Zions Bancorporation National Association UT bought a new stake in Blue Owl Capital in the first quarter worth $59,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Blue Owl Capital in the first quarter valued at about $61,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. 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 MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $15.42.

Blue Owl Capital Price Performance

OBDC traded down $0.12 during trading on Friday, hitting $14.15. 2,034,532 shares of the company traded hands, compared to its average volume of 2,197,853. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73. 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 simple moving average is $14.40 and its two-hundred day simple moving average is $14.38. The company has a market cap of $7.23 billion, a PE ratio of 8.18 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate 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 business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. As a group, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share 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 given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.08 annualized dividend 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 payout ratio 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.