Monterey Private Wealth Inc. Acquires New Holdings in Blue Owl Capital Corporation $OBDC

Monterey Private Wealth Inc. purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,344 shares of the company’s stock, valued at approximately $152,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OBDC. First Trust Advisors LP raised its stake in Blue Owl Capital by 3.4% in the fourth quarter. First Trust Advisors LP now owns 129,785 shares of the company’s stock valued at $1,962,000 after buying an additional 4,313 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after buying an additional 1,083 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in Blue Owl Capital by 14.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 19,295 shares of the company’s stock valued at $292,000 after buying an additional 2,395 shares during the last quarter. Two Sigma Securities LLC raised its stake in Blue Owl Capital by 22.7% in the fourth quarter. Two Sigma Securities LLC now owns 12,907 shares of the company’s stock valued at $195,000 after buying an additional 2,387 shares during the last quarter. Finally, Aquatic Capital Management LLC raised its stake in shares of Blue Owl Capital by 22.7% in the fourth quarter. Aquatic Capital Management LLC now owns 77,432 shares of the company’s stock worth $1,171,000 after purchasing an additional 14,332 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 0.2%

Shares of OBDC opened at $14.20 on Thursday. 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 $12.11 and a 12 month high of $15.73. The stock’s 50 day moving average is $14.45 and its two-hundred day moving average is $14.48. The firm has a market cap of $7.25 billion, a P/E ratio of 9.40 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. 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 company also recently declared a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a $0.02 dividend. This is a boost from Blue Owl Capital’s previous dividend of $0.01. This represents a dividend yield of 1,139.0%. The ex-dividend date of this dividend is Friday, August 29th. Blue Owl Capital’s dividend payout ratio is presently 98.01%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OBDC. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a “buy” rating and a $15.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.42.

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.