Apollon Wealth Management LLC Boosts Stake in Blue Owl Capital Corporation $OBDC

Apollon Wealth Management LLC lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,422 shares of the company’s stock after purchasing an additional 1,839 shares during the period. Apollon Wealth Management LLC’s holdings in Blue Owl Capital were worth $1,885,000 at the end of the most recent reporting period.

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

Blue Owl Capital Stock Up 3.1%

Shares of NYSE:OBDC opened at $12.51 on Tuesday. 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 12 month low of $12.04 and a 12 month high of $15.73. The company has a 50-day moving average price of $13.73 and a 200 day moving average price of $14.10. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 8.28 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $485.84 million during 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 year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.02 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital’s dividend payout ratio is currently 98.01%.

Analyst Ratings Changes

Several research analysts have commented on OBDC shares. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Three investment 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $15.21.

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.