Blue Owl Capital (NYSE:OBDC) Hits New 12-Month Low – Here’s Why

Blue Owl Capital Co. (NYSE:OBDC) hit a new 52-week low during trading on Friday . The stock traded as low as $13.36 and last traded at $13.40, with a volume of 2070354 shares changing hands. The stock had previously closed at $14.40.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OBDC shares. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

Blue Owl Capital Stock Performance

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock’s 50-day simple moving average is $15.00 and its two-hundred day simple moving average is $15.02. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 8.70 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. Blue Owl Capital’s payout ratio is 96.73%.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently modified their holdings of OBDC. Sound Income Strategies LLC raised its stake in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after buying an additional 74,959 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth about $814,000. Arkadios Wealth Advisors boosted its position in shares of Blue Owl Capital by 80.9% during the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock valued at $759,000 after acquiring an additional 22,440 shares in the last quarter. Finally, Acorn Creek Capital LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at about $325,000. Institutional investors and hedge funds 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.