91,341 Shares in Blue Owl Capital Corporation $OBDC Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP acquired a new position in Blue Owl Capital, purchasing 91,341 shares valued at approximately $1.339 million during the first quarter of the year.
• Blue Owl Capital announced an increase in its quarterly dividend to $0.02, with a yield of 0.6%, reflecting positive performance as the previous dividend was $0.01.
• The company's stock has a current market cap of $7.32 billion, and analysts forecast an earnings per share of 1.71 for the current year, with a consensus rating of "Buy."

Trexquant Investment LP acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 91,341 shares of the company's stock, valued at approximately $1,339,000.

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

Blue Owl Capital Price Performance

OBDC traded up $0.12 during midday trading on Thursday, hitting $14.27. 1,787,012 shares of the company traded hands, compared to its average volume of 2,289,927. 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 company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.45 and a beta of 0.76. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The business has a 50 day simple moving average of $14.40 and a two-hundred day simple moving average of $14.39.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio (DPR) is presently 98.01%.

Analysts Set New Price Targets

OBDC has been the topic of several research reports. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Three equities research 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 company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of "Buy" and a consensus target price 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.