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

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.64.

OBDC has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 price target on the stock. B. Riley initiated coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.72 on Tuesday. The firm’s fifty day moving average price is $14.17 and its 200-day moving average price is $14.76. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a market cap of $7.52 billion, a P/E ratio of 9.62 and a beta of 0.71. Blue Owl Capital has a fifty-two week low of $12.11 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analysts’ expectations of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, equities research analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 10.05%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. Blue Owl Capital’s dividend payout ratio is presently 95.48%.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. This represents a 41.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of OBDC. Trinity Financial Advisors LLC boosted its position in Blue Owl Capital by 19.1% in the first quarter. Trinity Financial Advisors LLC now owns 1,125,476 shares of the company’s stock worth $16,607,000 after purchasing an additional 180,187 shares during the last quarter. Bayforest Capital Ltd bought a new position in Blue Owl Capital in the 1st quarter worth approximately $73,000. SCS Capital Management LLC bought a new position in shares of Blue Owl Capital during the 1st quarter valued at about $10,340,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Blue Owl Capital during the first quarter valued at $6,641,000. Finally, DCM Advisors LLC lifted its stake in shares of Blue Owl Capital by 7.9% in the 1st quarter. DCM Advisors LLC now owns 25,289 shares of the company’s stock valued at $367,000 after purchasing an additional 1,848 shares during the last quarter. 42.83% of the stock is 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.