Blue Owl Capital Co. (NYSE:OBDC) Receives $15.94 Average PT from Brokerages

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.94.

A number of equities research analysts have recently weighed in on OBDC shares. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Truist Financial cut their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Wells Fargo & Company dropped their price target 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.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now owns 9,016 shares in the company, valued at $135,420.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently bought and sold shares of OBDC. National Bank of Canada FI bought a new position in shares of Blue Owl Capital in the second quarter worth approximately $26,000. CWM LLC lifted its holdings in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Blue Owl Capital during the 4th quarter worth about $32,000. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $38,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.80 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.77 billion, a P/E ratio of 7.47 and a beta of 0.87. The firm has a 50 day moving average of $15.02 and a 200-day moving average of $15.51. Blue Owl Capital has a 1 year low of $12.99 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. As a group, sell-side analysts anticipate that Blue Owl Capital will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio is presently 74.75%.

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.