Blue Owl Capital Corporation Plans Dividend of $0.02 (NYSE:OBDC)

Blue Owl Capital Corporation (NYSE:OBDC) declared a dividend on Wednesday, August 5th. Shareholders of record on Monday, August 31st will be given a dividend of 0.02 per share on Tuesday, September 15th. The ex-dividend date of this dividend is Monday, August 31st.

Blue Owl Capital has a dividend payout ratio of 81.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Blue Owl Capital to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 95.4%.

Blue Owl Capital Trading Down 2.3%

Shares of OBDC opened at $10.95 on Thursday. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $14.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day moving average price of $10.96 and a two-hundred day moving average price of $11.27. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 15.64 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.During the same period last year, the firm earned $0.40 EPS. Analysts predict that Blue Owl Capital will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Next Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 407.0% in the 4th quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock valued at $2,488,000 after purchasing an additional 160,221 shares in the last quarter. Tectonic Advisors LLC boosted its stake in shares of Blue Owl Capital by 13.0% in the 4th quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock valued at $12,975,000 after purchasing an additional 119,798 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Blue Owl Capital by 162.8% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 241,511 shares of the company’s stock valued at $3,002,000 after buying an additional 149,609 shares in the last quarter. Prairiewood Capital LLC increased its holdings in shares of Blue Owl Capital by 26.1% during the fourth quarter. Prairiewood Capital LLC now owns 471,602 shares of the company’s stock worth $5,862,000 after buying an additional 97,481 shares in the last quarter. Finally, UBS Group AG increased its holdings in Blue Owl Capital by 40.6% in the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after purchasing an additional 2,463,080 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.