Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Recommendation of “Hold” from Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $15.86.

A number of equities research analysts have recently issued reports on OBDC shares. Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. 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, November 19th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.47 on Friday. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91. The business’s fifty day moving average is $15.12 and its two-hundred day moving average is $15.12. The stock has a market capitalization of $6.04 billion, a P/E ratio of 9.61 and a beta of 0.85. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.57%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its stake in Blue Owl Capital by 4.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 679,873 shares of the company’s stock valued at $10,443,000 after purchasing an additional 27,866 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Blue Owl Capital by 37.7% in the second quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock worth $619,000 after purchasing an additional 11,041 shares in the last quarter. HB Wealth Management LLC increased its position in Blue Owl Capital by 13.5% during the second quarter. HB Wealth Management LLC now owns 373,724 shares of the company’s stock worth $5,740,000 after buying an additional 44,355 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Blue Owl Capital by 5.4% during the second quarter. Arkadios Wealth Advisors now owns 23,555 shares of the company’s stock valued at $362,000 after buying an additional 1,200 shares in the last quarter. Finally, Strategies Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after buying an additional 745 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.