174,200 Shares in Blue Owl Capital Corporation $OBDC Acquired by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC purchased a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 174,200 shares of the company’s stock, valued at approximately $2,498,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OBDC. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Blue Owl Capital by 13.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 52,977 shares of the company’s stock worth $777,000 after acquiring an additional 6,350 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Blue Owl Capital by 784.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 10,856 shares of the company’s stock worth $159,000 after acquiring an additional 9,629 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $155,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Blue Owl Capital by 0.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 334,490 shares of the company’s stock worth $4,904,000 after acquiring an additional 2,853 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company’s stock worth $204,000 after acquiring an additional 798 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James Financial set a $14.00 target price on 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 report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $15.21.

Blue Owl Capital Trading Up 2.1%

Shares of NYSE:OBDC opened at $12.97 on Wednesday. Blue Owl Capital Corporation has a 12-month low of $12.04 and a 12-month high of $15.73. The business’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $14.04. The company has a market capitalization of $6.63 billion, a PE ratio of 8.59 and a beta of 0.75. 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 announced its quarterly 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. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The business had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. As a group, 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 issued a $0.02 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend payout ratio (DPR) is 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.