What is Zacks Research’s Forecast for OBDC FY2024 Earnings?

Blue Owl Capital Co. (NYSE:OBDC) – Stock analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Blue Owl Capital in a report issued on Tuesday, November 19th. Zacks Research analyst K. Dey now expects that the company will post earnings of $1.88 per share for the year, down from their prior estimate of $1.91. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.89 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.46 EPS and Q4 2025 earnings at $0.43 EPS.

Several other equities analysts also recently commented on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.07.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $15.06 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The business’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $15.34. The stock has a market capitalization of $5.88 billion, a P/E ratio of 9.36 and a beta of 0.86.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OBDC. National Bank of Canada FI purchased a new stake in Blue Owl Capital in the 2nd quarter worth approximately $26,000. CWM LLC lifted its holdings in 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 buying an additional 1,032 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $61,000. Zions Bancorporation N.A. bought a new position in shares of Blue Owl Capital during the 2nd quarter worth $61,000. Finally, EverSource Wealth Advisors LLC increased its position in Blue Owl Capital by 604.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after purchasing an additional 3,580 shares during the period. Institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. The trade was a 38.37 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is presently 91.93%.

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.