Kavar Capital Partners Group LLC Takes Position in Blue Owl Capital Corporation $OBDC

Kavar Capital Partners Group LLC acquired a new stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,465 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OBDC. Kingstone Capital Partners Texas LLC acquired a new stake in Blue Owl Capital during the 2nd quarter valued at $734,619,000. Oregon Public Employees Retirement Fund raised its stake in Blue Owl Capital by 222.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company’s stock valued at $236,007,000 after purchasing an additional 11,098,695 shares during the period. Cresset Asset Management LLC raised its stake in Blue Owl Capital by 85.8% during the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock valued at $123,979,000 after purchasing an additional 3,809,000 shares during the period. Hamilton Lane Advisors LLC acquired a new stake in Blue Owl Capital during the 2nd quarter valued at $48,845,000. Finally, Trustees of Dartmouth College acquired a new stake in Blue Owl Capital during the 1st quarter valued at $48,774,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.2%

NYSE OBDC opened at $13.22 on Tuesday. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $6.75 billion, a PE ratio of 8.75 and a beta of 0.76. The firm’s fifty day simple moving average is $14.14 and its 200-day simple moving average is $14.28.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The business had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. As a group, 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 business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 98.01%.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Three investment 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. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Buy” and an average target price of $15.42.

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.