Blue Owl Capital Co. (NYSE:OBDC) Receives $16.08 Average Target Price from Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.08.

A number of brokerages have commented on OBDC. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd.

Blue Owl Capital Stock Down 1.4 %

Shares of NYSE:OBDC opened at $14.78 on Thursday. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The business’s 50-day moving average is $15.08 and its 200-day moving average is $15.03. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 9.66 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Equities research analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently modified their holdings of OBDC. Royal Bank of Canada raised its holdings in Blue Owl Capital by 9.2% during the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company’s stock valued at $111,696,000 after acquiring an additional 620,521 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock valued at $72,361,000 after purchasing an additional 236,467 shares during the period. Cresset Asset Management LLC raised its stake in shares of Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock valued at $68,762,000 after purchasing an additional 4,385,987 shares during the period. Stephens Inc. AR lifted its holdings in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after purchasing an additional 106,722 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after purchasing an additional 182,002 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.