Blue Owl Capital Co. (NYSE:OBDC) Receives $16.19 Consensus Target Price from Brokerages

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $16.19.

A number of analysts recently issued reports on OBDC shares. Royal Bank of Canada lifted their target price on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Hovde Group boosted their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Truist Financial raised their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Wealth Advisors acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $38,000. Headlands Technologies LLC bought a new stake in Blue Owl Capital in the 1st quarter valued at $40,000. GPS Wealth Strategies Group LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at $41,000. Finally, Spire Wealth Management bought a new position in Blue Owl Capital during the 4th quarter worth $45,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.2 %

NYSE:OBDC opened at $15.55 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of 7.85 and a beta of 0.88. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.91. The business has a 50 day moving average price of $16.15 and a two-hundred day moving average price of $15.48. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The business had revenue of $399.58 million during the quarter, compared to the consensus estimate of $399.16 million. As a group, analysts expect that Blue Owl Capital will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.05 per share. This represents a yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s dividend payout ratio is 74.75%.

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.