Blue Owl Capital (NYSE:OBDC) Stock Price Up 0.1%

Blue Owl Capital Co. (NYSE:OBDC) rose 0.1% during mid-day trading on Friday . The stock traded as high as $13.79 and last traded at $13.77. Approximately 2,109,285 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 1,721,442 shares. The stock had previously closed at $13.75.

Analyst Ratings Changes

Several brokerages have recently weighed in on OBDC. JMP Securities reiterated a “market outperform” rating and set a $15.00 target price on shares of Blue Owl Capital in a research report on Monday, August 21st. Royal Bank of Canada lifted their target price on shares of Blue Owl Capital from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, B. Riley lifted their target price on shares of Blue Owl Capital from $15.25 to $15.50 and gave the company a “buy” rating in a research report on Friday, August 11th.

Blue Owl Capital Price Performance

The company has a market capitalization of $5.37 billion, a P/E ratio of 6.32 and a beta of 0.92. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day moving average price of $13.82.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 9th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $394.22 million during the quarter, compared to the consensus estimate of $384.31 million. Blue Owl Capital had a net margin of 59.50% and a return on equity of 11.42%. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.85 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend is Thursday, September 28th. Blue Owl Capital’s dividend payout ratio (DPR) is 60.55%.

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.