Blue Owl Capital (NYSE:OBDC) Price Target Lowered to $15.00 at Truist Financial

Blue Owl Capital (NYSE:OBDC) had its target price trimmed by Truist Financial from $16.00 to $15.00 in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on OBDC. Royal Bank Of Canada lowered their price target on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday. Citizens Jmp decreased their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Two research 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.06.

Blue Owl Capital Trading Up 0.3%

NYSE:OBDC opened at $11.51 on Monday. The company’s 50 day moving average is $12.21 and its 200-day moving average is $12.89. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. Blue Owl Capital has a 12 month low of $10.70 and a 12 month high of $15.58. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 9.28 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $439.50 million during the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. Equities analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

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

Blue Owl Capital announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $13.06 per share, for a total transaction of $103,043.40. Following the transaction, the vice president directly owned 7,890 shares in the company, valued at $103,043.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Spire Wealth Management grew its position in shares of Blue Owl Capital by 29.1% during the 4th quarter. Spire Wealth Management now owns 3,680 shares of the company’s stock worth $46,000 after buying an additional 830 shares during the period. Golden State Equity Partners grew its holdings in Blue Owl Capital by 1.8% during the fourth quarter. Golden State Equity Partners now owns 46,405 shares of the company’s stock valued at $577,000 after purchasing an additional 836 shares during the period. BlueStem Wealth Partners LLC increased its stake in Blue Owl Capital by 2.5% in the third quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after purchasing an additional 837 shares in the last quarter. Trust Investment Advisors raised its holdings in Blue Owl Capital by 1.5% in the third quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock worth $765,000 after purchasing an additional 868 shares during the period. Finally, Perigon Wealth Management LLC boosted its position in shares of Blue Owl Capital by 3.0% during the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after purchasing an additional 876 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

About Blue Owl Capital

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.