Blue Owl Capital Co. (NYSE:OBDC) Receives $15.50 Average Target Price from Analysts

Blue Owl Capital Co. (NYSE:OBDC) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.75.

A number of brokerages have recently weighed in on OBDC. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Hovde Group lifted their target price on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research report on Monday, January 29th.

Blue Owl Capital Price Performance

Shares of OBDC opened at $16.55 on Friday. The firm has a 50-day simple moving average of $15.54 and a two-hundred day simple moving average of $15.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.60. Blue Owl Capital has a 1-year low of $12.65 and a 1-year high of $16.56. The stock has a market cap of $6.45 billion, a PE ratio of 8.36 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The firm had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. As a group, analysts forecast that Blue Owl Capital will post 1.9 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 8.94%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 31st. Blue Owl Capital’s payout ratio is presently 70.71%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. First Affirmative Financial Network purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at $235,000. Wedmont Private Capital purchased a new position in Blue Owl Capital during the 4th quarter worth approximately $311,000. Dfpg Investments LLC acquired a new position in Blue Owl Capital during the fourth quarter worth approximately $2,333,000. Sound Income Strategies LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $36,311,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $636,000. 42.83% of the stock is owned by institutional investors and hedge funds.

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.