Palogic Value Management L.P. Increases Holdings in Blue Owl Capital Corporation $OBDC

Palogic Value Management L.P. raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 17.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 138,562 shares of the company’s stock after buying an additional 21,026 shares during the period. Palogic Value Management L.P.’s holdings in Blue Owl Capital were worth $2,031,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in OBDC. BNP Paribas Financial Markets purchased a new stake in Blue Owl Capital during the 4th quarter valued at $673,000. Baird Financial Group Inc. grew its position in shares of Blue Owl Capital by 10.8% during the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company’s stock valued at $220,000 after acquiring an additional 1,422 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Blue Owl Capital by 74.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 446,877 shares of the company’s stock valued at $6,757,000 after acquiring an additional 191,051 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $49,000. Finally, Obermeyer Wealth Partners grew its position in shares of Blue Owl Capital by 1.2% during the 4th quarter. Obermeyer Wealth Partners now owns 145,684 shares of the company’s stock valued at $2,203,000 after acquiring an additional 1,661 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. B. Riley assumed coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a “buy” rating and a $15.00 price objective for the company. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $15.42.

Blue Owl Capital Trading Down 0.3%

Shares of Blue Owl Capital stock opened at $14.30 on Tuesday. The company has a market capitalization of $7.31 billion, a P/E ratio of 9.47 and a beta of 0.76. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $14.42 and a 200 day moving average of $14.41. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results 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. The company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.6%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s payout ratio is currently 98.01%.

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.