Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.92.

A number of brokerages have weighed in on OBDC. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. 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, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OBDC. National Bank of Canada FI raised its stake in shares of Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Blue Owl Capital by 604.7% in 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 in the last quarter. nVerses Capital LLC raised its position in Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after purchasing an additional 1,600 shares during the period. Quad Cities Investment Group LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth about $148,000. Finally, SPC Financial Inc. purchased a new stake in shares of Blue Owl Capital in the third quarter worth about $149,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $15.00 on Wednesday. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91. The company’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $15.05. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.87%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. 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.