Valeo Financial Advisors LLC Has $498,000 Stake in Blue Owl Capital Corporation $OBDC

Key Points

• Valeo Financial Advisors LLC reduced its stake in Blue Owl Capital Corporation by 48% in the second quarter, now holding 34,733 shares valued at $498,000.
• Blue Owl Capital recently increased its quarterly dividend to $0.02, up from the previous $0.01, representing a 0.6% yield with a payout ratio of 98.01%.
• Analysts have a consensus rating of "Buy" for Blue Owl Capital, with a target price of $15.21, and notable upgrades from firms like Raymond James and LADENBURG THALM/SH SH.

Valeo Financial Advisors LLC decreased its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 48.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,733 shares of the company's stock after selling 32,096 shares during the period. Valeo Financial Advisors LLC's holdings in Blue Owl Capital were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new position in Blue Owl Capital in the second quarter valued at $734,619,000. Oregon Public Employees Retirement Fund lifted its holdings in Blue Owl Capital by 222.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after buying an additional 11,098,695 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Blue Owl Capital by 85.8% during the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock valued at $123,979,000 after purchasing an additional 3,809,000 shares during the period. Royal Bank of Canada boosted its position in shares of 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 purchasing an additional 221,571 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of 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 purchasing an additional 403,784 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Trading Down 0.8%

OBDC opened at $12.44 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The firm has a market capitalization of $6.36 billion, a PE ratio of 8.24 and a beta of 0.75. The company's 50-day moving average is $13.84 and its 200 day moving average is $14.18.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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. The firm had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. As a group, research analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research analyst reports. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the stock an "outperform" rating in a research report on Tuesday. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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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