Sagespring Wealth Partners LLC Invests $163,000 in Blue Owl Capital Corporation $OBDC

Sagespring Wealth Partners LLC acquired a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,379 shares of the company’s stock, valued at approximately $163,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Wealth Enhancement Advisory Services LLC boosted its position in shares of Blue Owl Capital by 13.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,977 shares of the company’s stock valued at $777,000 after acquiring an additional 6,350 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Blue Owl Capital by 784.8% in the first quarter. Exchange Traded Concepts LLC now owns 10,856 shares of the company’s stock valued at $159,000 after acquiring an additional 9,629 shares during the period. Sowell Financial Services LLC boosted its position in shares of Blue Owl Capital by 5.4% in the first quarter. Sowell Financial Services LLC now owns 27,881 shares of the company’s stock valued at $409,000 after acquiring an additional 1,440 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Blue Owl Capital in the first quarter valued at about $155,000. Finally, Register Financial Advisors LLC boosted its position in shares of Blue Owl Capital by 27.1% in the first quarter. Register Financial Advisors LLC now owns 15,578 shares of the company’s stock valued at $228,000 after acquiring an additional 3,317 shares during the period. 42.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OBDC. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report 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 assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $15.21.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $12.65 on Friday. Blue Owl Capital Corporation has a 12-month low of $12.04 and a 12-month high of $15.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $13.62 and its two-hundred day moving average price is $14.05. The stock has a market cap of $6.46 billion, a PE ratio of 8.38 and a beta of 0.75.

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

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, August 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 98.01%.

Blue Owl Capital Company 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.