Chicago Partners Investment Group LLC Boosts Stock Holdings in Blue Owl Capital Corporation $OBDC

Chicago Partners Investment Group LLC increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 588,652 shares of the company’s stock after buying an additional 17,728 shares during the period. Chicago Partners Investment Group LLC’s holdings in Blue Owl Capital were worth $8,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in 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 valued at $777,000 after buying an additional 6,350 shares during the last quarter. Exchange Traded Concepts LLC raised its position 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 valued at $159,000 after purchasing an additional 9,629 shares during the period. Sowell Financial Services LLC grew its stake in Blue Owl Capital by 5.4% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Blue Owl Capital in the first quarter worth about $155,000. Finally, Register Financial Advisors LLC raised its holdings in shares of Blue Owl Capital by 27.1% during the 1st quarter. Register Financial Advisors LLC now owns 15,578 shares of the company’s stock worth $228,000 after acquiring an additional 3,317 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a 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 research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $15.21.

Blue Owl Capital Trading Up 0.9%

OBDC opened at $12.65 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. The stock’s fifty day moving average is $13.62 and its two-hundred day moving average is $14.05. The company has a market capitalization of $6.46 billion, a P/E ratio of 8.38 and a beta of 0.75. Blue Owl Capital Corporation has a 52 week low of $12.04 and a 52 week high of $15.73.

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

Blue Owl Capital Increases Dividend

The firm also recently announced 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 is a positive change 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 payout ratio 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.