Blue Owl Capital Corporation (NYSE:OBDC) Declares $0.31 Quarterly Dividend

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.31 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Tuesday, June 30th.

Blue Owl Capital has a payout ratio of 97.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Blue Owl Capital to earn $1.33 per share next year, which means the company may not be able to cover its $1.48 annual dividend with an expected future payout ratio of 111.3%.

Blue Owl Capital Trading Down 1.2%

Shares of Blue Owl Capital stock opened at $11.77 on Thursday. The business has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $12.06. Blue Owl Capital has a 1 year low of $10.52 and a 1 year high of $15.19. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.49 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The business had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. Research analysts forecast that Blue Owl Capital will post 1.36 EPS for the current year.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Spire Wealth Management lifted its stake in shares of Blue Owl Capital by 29.1% in the fourth quarter. Spire Wealth Management now owns 3,680 shares of the company’s stock worth $46,000 after acquiring an additional 830 shares during the period. Golden State Equity Partners lifted its stake in shares of Blue Owl Capital by 1.8% in the fourth quarter. Golden State Equity Partners now owns 46,405 shares of the company’s stock worth $577,000 after acquiring an additional 836 shares during the period. BlueStem Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 2.5% in the third quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock worth $440,000 after acquiring an additional 837 shares during the period. Trust Investment Advisors lifted its stake in shares of Blue Owl Capital by 1.5% in the third quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock worth $765,000 after acquiring an additional 868 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Blue Owl Capital by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock worth $455,000 after acquiring an additional 905 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

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.