Obermeyer Wealth Partners Increases Holdings in Blue Owl Capital Corporation $OBDC

Obermeyer Wealth Partners boosted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,270 shares of the company’s stock after purchasing an additional 19,860 shares during the quarter. Obermeyer Wealth Partners’ holdings in Blue Owl Capital were worth $2,356,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC purchased a new position in shares of Blue Owl Capital during the second quarter valued at about $734,619,000. State of New Jersey Common Pension Fund A bought a new position in Blue Owl Capital during the second quarter valued at approximately $218,884,000. Cresset Asset Management LLC grew 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 valued at $123,979,000 after buying an additional 3,809,000 shares in the last quarter. Royal Bank of Canada grew 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 valued at $111,546,000 after buying an additional 221,571 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Blue Owl Capital by 8.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock worth $76,083,000 after acquiring an additional 403,784 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 1.8%

NYSE OBDC opened at $13.05 on Monday. The stock has a market cap of $6.67 billion, a PE ratio of 8.64 and a beta of 0.74. Blue Owl Capital Corporation has a 12 month low of $12.04 and a 12 month high of $15.73. The company’s 50-day moving average price is $13.38 and its 200-day moving average price is $14.04. 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 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 company had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. Equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current 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 issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 29th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend payout ratio (DPR) is 98.01%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

About Blue Owl Capital

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.