Blue Owl Capital Co. (NYSE:OBDC) Receives $16.00 Average Target Price from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

Several equities research analysts have recently commented on OBDC shares. Keefe, Bruyette & Woods reduced their target price 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. Truist Financial reduced their target price 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. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Finally, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently made changes to their positions in OBDC. Wealth Enhancement Advisory Services LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at $787,000. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Blue Owl Capital by 5.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 753,430 shares of the company’s stock valued at $11,588,000 after buying an additional 39,837 shares in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at $2,325,000. Janney Montgomery Scott LLC grew its stake in shares of Blue Owl Capital by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 1,709,801 shares of the company’s stock valued at $26,297,000 after buying an additional 98,061 shares in the last quarter. Finally, Fortem Financial Group LLC grew its stake in shares of Blue Owl Capital by 7.3% in the first quarter. Fortem Financial Group LLC now owns 120,062 shares of the company’s stock valued at $1,847,000 after buying an additional 8,121 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $14.78 on Friday. The stock has a 50 day moving average of $14.92 and a two-hundred day moving average of $15.42. 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 12 month low of $13.60 and a 12 month high of $16.91. The company has a market capitalization of $5.77 billion, a P/E ratio of 8.26 and a beta of 0.86.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The company had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. As a group, equities analysts expect that Blue Owl Capital will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 82.68%.

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.