Blue Owl Capital Corporation (OBDC) To Go Ex-Dividend on August 31st

Blue Owl Capital Corporation (NYSE:OBDC) declared a dividend on Tuesday, August 4th. Shareholders of record on Monday, August 31st will be given a dividend of 0.02 per share on Tuesday, September 15th. The ex-dividend date is Monday, August 31st.

Blue Owl Capital has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Blue Owl Capital to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 6.2%.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $11.30 on Friday. The stock’s fifty day simple moving average is $11.08 and its 200 day simple moving average is $11.21. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 20.18 and a beta of 0.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $14.44.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same quarter last year, the company posted $0.40 EPS. As a group, sell-side analysts forecast that Blue Owl Capital will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently bought and sold shares of OBDC. Goldman Sachs Group Inc. raised its holdings in Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after acquiring an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $6,641,000. EverSource Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 106.1% in the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after purchasing an additional 4,494 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Blue Owl Capital by 133.8% in the second quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock worth $1,344,000 after purchasing an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC lifted its position in shares of Blue Owl Capital by 24.1% during the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock worth $235,000 after purchasing an additional 3,200 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.