Blue Owl Capital (NYSE:OBDC) Releases Q4 2024 Earnings Guidance

Blue Owl Capital (NYSE:OBDC) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.470-0.470 for the period, compared to the consensus earnings per share estimate of 0.460. The company issued revenue guidance of -.

Blue Owl Capital Stock Down 0.4 %

Shares of NYSE:OBDC traded down $0.06 during mid-day trading on Friday, reaching $14.85. 2,831,674 shares of the stock were exchanged, compared to its average volume of 2,399,107. The stock’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $15.04. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.97%. Blue Owl Capital’s payout ratio is 91.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.92.

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.