Blue Owl Capital Co. (NYSE:OBDC) Given Consensus Rating of “Moderate Buy” by Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $16.19.

A number of research analysts recently issued reports on the stock. Hovde Group lifted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Royal Bank of Canada lifted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Truist Financial lifted their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 23rd.

Blue Owl Capital Trading Up 1.4 %

NYSE OBDC opened at $15.68 on Wednesday. The firm has a 50 day simple moving average of $15.86 and a 200-day simple moving average of $15.55. 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 has a one year low of $12.99 and a one year high of $16.91. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 7.92 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 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 during the quarter, compared to analysts’ expectations of $399.16 million. Equities research analysts anticipate that Blue Owl Capital will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Institutional Trading of Blue Owl Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund E acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $335,810,000. Regents of The University of California acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $258,421,000. Van ECK Associates Corp increased its holdings in shares of Blue Owl Capital by 19.4% in the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock valued at $125,355,000 after acquiring an additional 1,326,277 shares during the period. LSV Asset Management increased its holdings in shares of Blue Owl Capital by 17.3% in the 1st quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock valued at $62,582,000 after acquiring an additional 600,447 shares during the period. Finally, Transcend Capital Advisors LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $56,354,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.