Tranquility Partners LLC Has $2.22 Million Stock Position in Blue Owl Capital Corporation $OBDC

Tranquility Partners LLC raised its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,855 shares of the company’s stock after purchasing an additional 1,464 shares during the period. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $2,221,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in OBDC. Kingstone Capital Partners Texas LLC acquired a new position in Blue Owl Capital during the second quarter valued at approximately $734,619,000. Oregon Public Employees Retirement Fund grew its stake in shares of Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company’s stock worth $236,007,000 after buying an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of Blue Owl Capital by 85.8% during the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock worth $123,979,000 after buying an additional 3,809,000 shares during the last quarter. Hamilton Lane Advisors LLC bought a new stake in shares of Blue Owl Capital during the second quarter worth $48,845,000. Finally, Trustees of Dartmouth College bought a new stake in shares of Blue Owl Capital during the first quarter worth $48,774,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $12.13 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a twelve month low of $12.04 and a twelve month high of $15.73. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 8.03 and a beta of 0.75. The company’s fifty day moving average is $13.76 and its 200 day moving average is $14.13.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The company had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. Sell-side analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio is presently 98.01%.

Analysts Set New Price Targets

A number of research firms have weighed in on OBDC. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Buy” and a consensus target price of $15.21.

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.