Blue Owl Capital Co. (NYSE:OBDC) Given Average Rating of “Moderate Buy” by Analysts

Blue Owl Capital Co. (NYSE:OBDC) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.19.

A number of analysts have commented on OBDC shares. Royal Bank of Canada upped 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 17th. Truist Financial upped their price objective on Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Hovde Group upped their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 23rd.

Blue Owl Capital Stock Up 0.8 %

Blue Owl Capital stock opened at $15.49 on Wednesday. The stock has a market cap of $6.04 billion, a PE ratio of 7.82 and a beta of 0.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. Blue Owl Capital has a one year low of $12.99 and a one year high of $16.91. The stock has a fifty day moving average of $15.90 and a 200 day moving average of $15.55.

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

Blue Owl Capital Cuts Dividend

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

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently modified their holdings of OBDC. Raymond James Trust N.A. purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $284,000. SG Americas Securities LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $514,000. Premier Path Wealth Partners LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $207,000. Raymond James & Associates purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $12,765,000. Finally, CVA Family Office LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $61,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Company 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.