Concurrent Investment Advisors LLC Acquires 30,785 Shares of Blue Owl Capital Corporation $OBDC

Concurrent Investment Advisors LLC lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 15.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,992 shares of the company’s stock after acquiring an additional 30,785 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Blue Owl Capital were worth $3,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GFS Advisors LLC raised its holdings in shares of Blue Owl Capital by 16.3% during the second quarter. GFS Advisors LLC now owns 98,785 shares of the company’s stock valued at $1,417,000 after acquiring an additional 13,850 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Blue Owl Capital by 1.4% during the second quarter. Apollon Wealth Management LLC now owns 131,422 shares of the company’s stock valued at $1,885,000 after acquiring an additional 1,839 shares in the last quarter. Aberdeen Group plc grew its stake in Blue Owl Capital by 4.0% in the second quarter. Aberdeen Group plc now owns 202,091 shares of the company’s stock worth $2,893,000 after purchasing an additional 7,696 shares during the period. Callan Family Office LLC purchased a new stake in Blue Owl Capital in the second quarter worth $325,000. Finally, Blair William & Co. IL grew its stake in Blue Owl Capital by 14.4% in the second quarter. Blair William & Co. IL now owns 51,674 shares of the company’s stock worth $741,000 after purchasing an additional 6,500 shares during the period. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given 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 a consensus price target of $15.21.

Blue Owl Capital Trading Up 3.1%

NYSE OBDC opened at $12.51 on Tuesday. Blue Owl Capital Corporation has a 12 month low of $12.04 and a 12 month high of $15.73. The stock has a market cap of $6.39 billion, a P/E ratio of 8.28 and a beta of 0.75. The stock’s fifty day moving average price is $13.73 and its 200-day moving average price is $14.10. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. As a group, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.02 dividend. 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 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio 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.