Wealth Enhancement Advisory Services LLC Increases Stock Position in Blue Owl Capital Corporation $OBDC

Wealth Enhancement Advisory Services LLC raised its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,181 shares of the company’s stock after buying an additional 9,204 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company’s stock valued at $236,007,000 after acquiring an additional 11,098,695 shares in the last quarter. Cresset Asset Management LLC raised its position in Blue Owl Capital by 85.8% in the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock worth $123,979,000 after buying an additional 3,809,000 shares during the last quarter. Royal Bank of Canada raised its position in Blue Owl Capital by 3.0% in the 1st quarter. Royal Bank of Canada now owns 7,608,871 shares of the company’s stock worth $111,546,000 after buying an additional 221,571 shares during the last quarter. Ameriprise Financial Inc. raised its position in Blue Owl Capital by 8.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock worth $76,083,000 after buying an additional 403,784 shares during the last quarter. Finally, Brown University raised its position in Blue Owl Capital by 17.9% in the 1st quarter. Brown University now owns 4,348,863 shares of the company’s stock worth $63,754,000 after buying an additional 660,136 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH upgraded 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 assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $15.42.

Blue Owl Capital Stock Up 1.8%

Shares of OBDC opened at $12.74 on Friday. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 8.43 and a beta of 0.75. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73. The business’s 50 day simple moving average is $14.01 and its 200-day simple moving average is $14.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80.

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 the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The business had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. As a group, equities analysts expect 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. Investors of record on Friday, August 29th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 29th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s payout ratio 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.