Wealth Preservation Advisors LLC Takes $2.89 Million Position in Blue Owl Capital Corporation $OBDC

Key Points

• Wealth Preservation Advisors LLC made a new investment of **$2.89 million** in Blue Owl Capital Corporation ($OBDC), acquiring **197,035 shares**, representing 2.1% of its portfolio.
• Blue Owl Capital recently announced an increase in its dividend to **$0.02**, yielding **1,139.0%**, payable on September 15th.
• Analyst ratings for Blue Owl Capital are generally positive, with a consensus rating of **"Buy"** and a price target averaging **$15.42**.

Wealth Preservation Advisors LLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 197,035 shares of the company's stock, valued at approximately $2,889,000. Blue Owl Capital comprises about 2.1% of Wealth Preservation Advisors LLC's portfolio, making the stock its 9th largest position.

Other large investors have also made changes to their positions in the company. Golden State Equity Partners boosted its holdings in Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after buying an additional 742 shares in the last quarter. BlueStem Wealth Partners LLC boosted its holdings in Blue Owl Capital by 2.5% during the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after buying an additional 784 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Blue Owl Capital by 6.1% during the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after buying an additional 798 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock worth $548,000 after buying an additional 996 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after buying an additional 1,000 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 target on the stock. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three 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, Blue Owl Capital has a consensus rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Price Performance

OBDC traded up $0.12 during midday trading on Friday, hitting $14.34. 1,571,156 shares of the company traded hands, compared to its average volume of 2,584,459. 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 $7.33 billion, a price-to-earnings ratio of 9.49 and a beta of 0.74. 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 $14.44 and a two-hundred day simple moving average of $14.47.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change 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 currently 98.01%.

Blue Owl Capital 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.