Blue Owl Capital (NYSE:OBDC) Price Target Cut to $12.50 by Analysts at Keefe, Bruyette & Woods

Blue Owl Capital (NYSE:OBDC) had its price target reduced by Keefe, Bruyette & Woods from $13.50 to $12.50 in a research note released on Monday,Benzinga reports. They currently have a market perform rating on the stock.

Several other brokerages have also issued reports on OBDC. Citizens Jmp cut their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Truist Financial cut their target price on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Monday. Royal Bank Of Canada decreased their price target on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.06.

Blue Owl Capital Price Performance

OBDC stock opened at $11.51 on Monday. The company has a market capitalization of $5.75 billion, a P/E ratio of 9.28 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17. Blue Owl Capital has a 52-week low of $10.70 and a 52-week high of $15.58. The company has a fifty day moving average price of $12.21 and a 200-day moving average price of $12.89.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The business had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. As a group, equities analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 119.35%.

Blue Owl Capital declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 18th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Blue Owl Capital

In other news, VP Neena Reddy purchased 7,890 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $13.06 per share, with a total value of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares in the company, valued at approximately $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. Caz Investments LP bought a new position in Blue Owl Capital in the 3rd quarter worth about $14,357,000. Border to Coast Pensions Partnership Ltd raised its stake in Blue Owl Capital by 19.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,550,000 shares of the company’s stock valued at $19,793,000 after purchasing an additional 250,000 shares in the last quarter. Ares Management LLC raised its stake in Blue Owl Capital by 6.5% in the second quarter. Ares Management LLC now owns 2,487,964 shares of the company’s stock valued at $35,677,000 after purchasing an additional 151,142 shares in the last quarter. Arkadios Wealth Advisors lifted its position in Blue Owl Capital by 144.9% during the third quarter. Arkadios Wealth Advisors now owns 389,245 shares of the company’s stock valued at $4,971,000 after purchasing an additional 230,295 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Blue Owl Capital in the 3rd quarter worth approximately $1,671,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.