Blue Owl Capital Corporation (OBDC) To Go Ex-Dividend on November 30th

Blue Owl Capital Corporation (NYSE:OBDC) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Monday, November 30th will be paid a dividend of $0.01 per share on Tuesday, December 15th. This represents a $0.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 30th. This is a 96.8% decrease from Blue Owl Capital’s previous quarterly dividend of $0.31.

Blue Owl Capital has a payout ratio of 81.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research 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 $1.24 annual dividend with an expected future payout ratio of 96.9%.

Blue Owl Capital Stock Performance

OBDC stock opened at $10.77 on Thursday. Blue Owl Capital has a 12-month low of $9.81 and a 12-month high of $13.57. The business has a 50 day moving average of $10.66 and a 200-day moving average of $11.14. The firm has a market cap of $5.31 billion, a PE ratio of 19.24 and a beta of 0.66. 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 (NYSE:OBDC) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $392.06 million during the quarter, compared to the consensus estimate of $383.82 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. As a group, sell-side analysts expect that Blue Owl Capital will post 1.30 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Csenge Advisory Group lifted its position in shares of Blue Owl Capital by 8.7% in the third quarter. Csenge Advisory Group now owns 60,397 shares of the company’s stock valued at $634,000 after acquiring an additional 4,841 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its stake in Blue Owl Capital by 6.5% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 124,190 shares of the company’s stock valued at $1,303,000 after buying an additional 7,553 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Blue Owl Capital by 52.6% during the 3rd quarter. AlphaCore Capital LLC now owns 1,400,280 shares of the company’s stock valued at $15,122,000 after buying an additional 482,656 shares in the last quarter. Private Management Group Inc. increased its stake in Blue Owl Capital by 3.0% in the 3rd quarter. Private Management Group Inc. now owns 4,177,582 shares of the company’s stock worth $43,823,000 after acquiring an additional 120,835 shares during the last quarter. Finally, QTR Family Wealth LLC bought a new stake in Blue Owl Capital in the third quarter worth $144,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.