Blue Owl Capital Corporation (NYSE:OBDC) Receives Average Recommendation of “Moderate Buy” from Analysts

Blue Owl Capital Corporation (NYSE:OBDC) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $14.5625.

Several research firms have commented on OBDC. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Citizens Jmp dropped their target price 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. Royal Bank Of Canada cut their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st.

Insider Activity

In other news, CEO Craig Packer acquired 83,200 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the transaction, the chief executive officer directly owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Neena Reddy bought 7,890 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were acquired 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 trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Ares Management LLC increased its position in shares of 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 buying an additional 151,142 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Blue Owl Capital by 38.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,733,405 shares of the company’s stock worth $24,957,000 after buying an additional 484,327 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Blue Owl Capital by 144.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 389,245 shares of the company’s stock valued at $4,971,000 after acquiring an additional 230,295 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Blue Owl Capital by 20.5% during the 3rd quarter. Tectonic Advisors LLC now owns 924,029 shares of the company’s stock valued at $11,800,000 after acquiring an additional 157,024 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in Blue Owl Capital during the 2nd quarter valued at about $928,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.9%

Shares of NYSE:OBDC opened at $12.50 on Friday. Blue Owl Capital has a 1-year low of $11.65 and a 1-year high of $15.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $6.39 billion, a P/E ratio of 8.86 and a beta of 0.67. The firm has a fifty day moving average price of $12.74 and a 200 day moving average price of $13.33.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The business had revenue of $453.07 million during the quarter, compared to analysts’ expectations of $466.81 million. Sell-side analysts predict that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s payout ratio is 104.96%.

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.