Blue Owl Capital Co. (NYSE:OBDC) Receives $16.19 Average Target Price from Brokerages

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.19.

OBDC has been the subject of several recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 23rd. Truist Financial boosted their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Royal Bank of Canada boosted their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Hovde Group boosted their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently modified their holdings of the business. Boston Partners bought a new position in Blue Owl Capital in the 1st quarter worth $15,010,000. Cetera Advisors LLC bought a new position in shares of Blue Owl Capital during the 1st quarter valued at about $736,000. Cetera Investment Advisers boosted its holdings in shares of Blue Owl Capital by 154.4% during the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock valued at $1,718,000 after purchasing an additional 67,799 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Blue Owl Capital during the 1st quarter valued at about $840,000. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Blue Owl Capital during the 1st quarter valued at about $1,311,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.40 on Friday. The stock’s 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $15.48. Blue Owl Capital has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 7.78 and a beta of 0.88. 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 (NYSE:OBDC) last released its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The business had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. As a group, analysts expect that Blue Owl Capital will post 1.88 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

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.