Blue Owl Capital Corporation $OBDC Position Boosted by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 19.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,789 shares of the company’s stock after purchasing an additional 3,200 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Blue Owl Capital were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. SteelPeak Wealth LLC grew its holdings in Blue Owl Capital by 17.3% in the 2nd quarter. SteelPeak Wealth LLC now owns 52,525 shares of the company’s stock worth $773,000 after buying an additional 7,740 shares in the last quarter. MAS Advisors LLC grew its holdings in Blue Owl Capital by 4.1% in the 2nd quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock worth $404,000 after buying an additional 1,110 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Blue Owl Capital by 41.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 26,837 shares of the company’s stock worth $385,000 after buying an additional 7,919 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. grew its holdings in Blue Owl Capital by 2.1% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 131,627 shares of the company’s stock worth $1,888,000 after buying an additional 2,702 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in Blue Owl Capital by 4.2% during the 2nd quarter. Truist Financial Corp now owns 76,889 shares of the company’s stock valued at $1,103,000 after purchasing an additional 3,094 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OBDC has been the subject of a number of research reports. LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $15.21.

Blue Owl Capital Stock Performance

OBDC opened at $12.54 on Wednesday. The firm has a market cap of $6.41 billion, a PE ratio of 8.30 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $13.88 and a 200-day simple moving average of $14.19. 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 released its quarterly earnings data 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 business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. As a group, equities analysts predict 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. Stockholders of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend payout ratio is 98.01%.

Blue Owl Capital Company 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.