Short Interest in Blue Owl Capital Corporation (NYSE:OBDC) Rises By 35.3%

Blue Owl Capital Corporation (NYSE:OBDC) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, a growth of 35.3% from the August 15th total of 5,840,000 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently made changes to their positions in the business. Golden State Equity Partners grew its stake in Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company’s stock worth $670,000 after buying an additional 742 shares during the last quarter. BlueStem Wealth Partners LLC grew its stake in Blue Owl Capital by 2.5% during the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company’s stock worth $480,000 after buying an additional 784 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company’s stock worth $204,000 after buying an additional 798 shares during the last quarter. NorthRock Partners LLC grew its stake in Blue Owl Capital by 5.4% during the 2nd quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after buying an additional 975 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Blue Owl Capital by 2.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock worth $548,000 after buying an additional 996 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $13.85 on Friday. The stock’s 50 day moving average price is $14.34 and its 200 day moving average price is $14.34. The firm has a market capitalization of $7.08 billion, a PE ratio of 9.17 and a beta of 0.76. 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 has a one year low of $12.11 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly 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 firm had revenue of $485.84 million for 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, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.