Sage Advisors LLC Has $31.82 Million Stock Position in Blue Owl Capital Corporation $OBDC

Sage Advisors LLC increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,218,614 shares of the company’s stock after acquiring an additional 76,481 shares during the period. Blue Owl Capital comprises approximately 22.7% of Sage Advisors LLC’s portfolio, making the stock its biggest holding. Sage Advisors LLC’s holdings in Blue Owl Capital were worth $31,815,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on OBDC. Raymond James Financial set a $14.00 target price 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 report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $15.21.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $12.51 on Tuesday. The stock has a fifty day simple moving average of $13.73 and a two-hundred day simple moving average of $14.10. Blue Owl Capital Corporation has a 1-year low of $12.04 and a 1-year high of $15.73. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 8.28 and a beta of 0.75. 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 (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business 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 an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 29th. Blue Owl Capital’s dividend payout ratio (DPR) 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.