GFS Advisors LLC Boosts Position in Blue Owl Capital Corporation $OBDC

GFS Advisors LLC boosted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 16.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 98,785 shares of the company’s stock after buying an additional 13,850 shares during the period. GFS Advisors LLC’s holdings in Blue Owl Capital were worth $1,417,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Blue Owl Capital in the first quarter valued at approximately $28,000. Zions Bancorporation National Association UT purchased a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $59,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $61,000. Bayforest Capital Ltd purchased a new stake in shares of Blue Owl Capital during the first quarter valued at approximately $73,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Blue Owl Capital by 23.4% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 5,803 shares of the company’s stock valued at $85,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OBDC. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $15.21.

Blue Owl Capital Stock Down 0.8%

OBDC stock opened at $12.13 on Friday. Blue Owl Capital Corporation has a twelve month low of $12.04 and a twelve month 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 company has a market capitalization of $6.20 billion, a P/E ratio of 8.03 and a beta of 0.75. The firm has a 50 day simple moving average of $13.76 and a 200-day simple moving average of $14.13.

Blue Owl Capital (NYSE:OBDC) last released 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 business had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. On average, equities 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 business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. Blue Owl Capital’s dividend payout ratio is 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.