Blue Owl Capital Co. (NYSE:OBDC) Receives $15.94 Average Price Target from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.94.

OBDC has been the topic of several recent research reports. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods lowered 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 note on Tuesday, August 20th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Finally, Truist Financial lowered their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Blue Owl Capital Stock Down 0.3 %

Shares of OBDC stock opened at $14.85 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital has a 1 year low of $12.99 and a 1 year high of $16.91. The firm’s fifty day moving average price is $14.75 and its two-hundred day moving average price is $15.46. The firm has a market capitalization of $5.79 billion, a P/E ratio of 8.30 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. On average, equities analysts predict that Blue Owl Capital will post 1.91 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is currently 82.68%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. National Bank of Canada FI bought a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $26,000. CWM LLC lifted its stake in Blue Owl Capital by 98.6% in 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. Newbridge Financial Services Group Inc. bought a new position in Blue Owl Capital in the 4th quarter valued at approximately $38,000. Headlands Technologies LLC bought a new position in Blue Owl Capital in the 1st quarter valued at approximately $40,000. Finally, Retirement Group LLC lifted its stake in Blue Owl Capital by 216.8% in the 1st quarter. Retirement Group LLC now owns 3,105 shares of the company’s stock valued at $48,000 after purchasing an additional 2,125 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

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.