Union Bancaire Privee UBP SA Raises Holdings in Blue Owl Capital Corporation $OBDC

Union Bancaire Privee UBP SA increased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 67,828 shares of the company’s stock after acquiring an additional 3,281 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Blue Owl Capital were worth $973,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OBDC. Hamilton Lane Advisors LLC purchased a new position in shares of Blue Owl Capital in the second quarter worth about $48,845,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Blue Owl Capital by 85.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company’s stock valued at $15,042,000 after buying an additional 474,100 shares in the last quarter. Graypoint LLC boosted its holdings in Blue Owl Capital by 49.4% in the 2nd quarter. Graypoint LLC now owns 590,048 shares of the company’s stock worth $8,461,000 after buying an additional 194,999 shares during the period. Sound Income Strategies LLC grew its stake in Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company’s stock valued at $46,227,000 after buying an additional 129,038 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in Blue Owl Capital by 217.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company’s stock valued at $631,000 after acquiring an additional 29,521 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Buy” and an average target price of $15.42.

Blue Owl Capital Trading Down 3.6%

Shares of OBDC stock opened at $12.74 on Wednesday. The company has a market capitalization of $6.51 billion, a PE ratio of 8.44 and a beta of 0.76. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.73. The business’s fifty day moving average is $14.10 and its 200 day moving average is $14.27. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, August 29th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 98.01%.

About Blue Owl Capital

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.