Blue Owl Capital Co. (NYSE:OBDC) Receives $15.86 Average Price Target from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.86.

OBDC has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the company. Icon Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after buying an additional 563,800 shares during the last quarter. LSV Asset Management raised its holdings in Blue Owl Capital by 10.4% in the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after acquiring an additional 423,934 shares during the last quarter. Van ECK Associates Corp lifted its stake in Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares in the last quarter. Trinity Financial Advisors LLC boosted its holdings in shares of Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after purchasing an additional 215,742 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $2,667,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.8 %

Shares of NYSE:OBDC opened at $15.31 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 9.51 and a beta of 0.85. The business has a 50-day moving average price of $15.10 and a 200-day moving average price of $15.12.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is a boost 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 9.67%. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

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.