Magnolia Capital Advisors LLC Acquires 8,858 Shares of Blue Owl Capital Corporation $OBDC

Magnolia Capital Advisors LLC raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 7.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,827 shares of the company’s stock after buying an additional 8,858 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Blue Owl Capital were worth $1,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OBDC. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at about $28,000. Private Trust Co. NA boosted its stake in Blue Owl Capital by 86.6% in the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after buying an additional 1,449 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Blue Owl Capital in the first quarter worth approximately $59,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Blue Owl Capital during the 1st quarter valued at $61,000. Finally, Bayforest Capital Ltd purchased a new position in Blue Owl Capital in the 1st quarter worth $73,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.21.

Blue Owl Capital Stock Up 0.5%

Shares of NYSE OBDC opened at $13.09 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 12 month low of $12.04 and a 12 month high of $15.73. The firm has a market capitalization of $6.69 billion, a PE ratio of 8.67 and a beta of 0.74. The firm has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $14.03.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Equities analysts expect 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 paid a $0.02 dividend. 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. This represents a $0.08 annualized dividend and a yield of 0.6%. Blue Owl Capital’s payout ratio is currently 98.01%.

Blue Owl Capital 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.