Blue Owl Capital Co. (NYSE:OBDC) Receives $15.94 Consensus Target Price from Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.94.

Several equities analysts have recently commented on the company. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Truist Financial cut their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th.

Blue Owl Capital Trading Down 0.7 %

Shares of OBDC stock opened at $14.70 on Thursday. Blue Owl Capital has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $15.02 and a 200-day simple moving average of $15.52. The stock has a market cap of $5.73 billion, a P/E ratio of 7.42 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. On average, analysts forecast that Blue Owl Capital will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.06 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, September 30th. Blue Owl Capital’s dividend payout ratio is 74.75%.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in Blue Owl Capital during the fourth quarter worth $16,207,000. Corient Private Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $14,919,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $1,311,000. Epiq Partners LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter valued at about $4,123,000. Finally, UBS Group AG acquired a new position in Blue Owl Capital in the 4th quarter worth about $8,978,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.