Turtle Creek Wealth Advisors LLC Has $430,000 Stock Position in Blue Owl Capital Corporation $OBDC

Key Points

• Turtle Creek Wealth Advisors LLC has significantly reduced its stake in Blue Owl Capital, holding 29,964 shares worth $430,000 after selling 153,789 shares in the 2nd quarter.
• Blue Owl Capital recently announced a quarterly dividend increase from $0.01 to $0.02, with a annualized dividend of $0.08 and a yield of 0.6%.
• Analysts have set a consensus target price of $15.21 for Blue Owl Capital, with multiple research firms rating the stock as "Buy" or "Strong Buy."

Turtle Creek Wealth Advisors LLC reduced its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 83.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,964 shares of the company's stock after selling 153,789 shares during the period. Turtle Creek Wealth Advisors LLC's holdings in Blue Owl Capital were worth $430,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth approximately $734,619,000. Oregon Public Employees Retirement Fund raised its holdings in Blue Owl Capital by 222.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after buying an additional 11,098,695 shares during the period. Cresset Asset Management LLC raised its holdings in Blue Owl Capital by 85.8% during the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock worth $123,979,000 after buying an additional 3,809,000 shares during the period. Royal Bank of Canada raised its holdings in Blue Owl Capital by 3.0% during the 1st quarter. Royal Bank of Canada now owns 7,608,871 shares of the company's stock worth $111,546,000 after buying an additional 221,571 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Blue Owl Capital by 8.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company's stock worth $76,083,000 after buying an additional 403,784 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $12.55 on Friday. Blue Owl Capital Corporation has a 1-year low of $12.04 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 firm has a fifty day simple moving average of $13.65 and a 200 day simple moving average of $14.07. The stock has a market capitalization of $6.41 billion, a PE ratio of 8.31 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share 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 analysts' expectations of $480.42 million. On average, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Buy" and a consensus target price of $15.21.

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.

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