Pallas Capital Advisors LLC Purchases 1,103 Shares of Blue Owl Capital Corporation $OBDC

Pallas Capital Advisors LLC increased its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 3.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,566 shares of the company’s stock after purchasing an additional 1,103 shares during the period. Pallas Capital Advisors LLC’s holdings in Blue Owl Capital were worth $496,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of OBDC. Hamilton Lane Advisors LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $48,845,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Blue Owl Capital by 85.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company’s stock worth $15,042,000 after purchasing an additional 474,100 shares during the period. Sound Income Strategies LLC raised its stake in shares of Blue Owl Capital by 4.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company’s stock worth $46,227,000 after buying an additional 129,038 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Blue Owl Capital by 217.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company’s stock valued at $631,000 after purchasing an additional 29,521 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at about $887,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $14.01 on Friday. Blue Owl Capital Corporation has a 12-month low of $12.11 and a 12-month high of $15.73. The firm has a 50 day moving average of $14.33 and a 200 day moving average of $14.33. 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 firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.28 and a beta of 0.76.

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

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a 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 (DPR) is 98.01%.

Analyst Upgrades and Downgrades

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

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.