Blue Owl Capital Corporation $OBDC Shares Acquired by MAS Advisors LLC

MAS Advisors LLC boosted its position in Blue Owl Capital Corporation (NYSE:OBDC) by 4.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,173 shares of the company’s stock after purchasing an additional 1,110 shares during the period. MAS Advisors LLC’s holdings in Blue Owl Capital were worth $404,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at $28,000. Zions Bancorporation National Association UT bought a new stake in Blue Owl Capital in the first quarter worth about $59,000. Caitong International Asset Management Co. Ltd bought a new stake in Blue Owl Capital in the first quarter worth about $61,000. Bayforest Capital Ltd bought a new stake in Blue Owl Capital in the first quarter worth about $73,000. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Blue Owl Capital by 23.4% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 5,803 shares of the company’s stock valued at $85,000 after acquiring an additional 1,100 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH raised shares of 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, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $15.42.

Blue Owl Capital Price Performance

NYSE OBDC opened at $12.67 on Monday. 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 Corporation has a 1 year low of $12.11 and a 1 year high of $15.73. The company has a market cap of $6.47 billion, a PE ratio of 8.39 and a beta of 0.75. The stock’s 50-day moving average price is $13.96 and its two-hundred day moving average price is $14.22.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping 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%. On average, analysts predict that Blue Owl Capital Corporation will post 1.71 EPS 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 given 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 a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend payout ratio is presently 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.