Zacks Research Brokers Reduce Earnings Estimates for OBDC

Blue Owl Capital Corporation (NYSE:OBDC) – Research analysts at Zacks Research dropped their Q1 2027 EPS estimates for Blue Owl Capital in a report issued on Wednesday, March 4th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.33. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.71 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q3 2027 earnings at $0.33 EPS, FY2027 earnings at $1.30 EPS and FY2028 earnings at $1.31 EPS.

A number of other analysts also recently weighed in on OBDC. Keefe, Bruyette & Woods dropped their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a research report on Monday, February 23rd. Truist Financial lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company decreased their target price on shares of 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. Royal Bank Of Canada reduced their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Wall Street Zen lowered Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.06.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $11.49 on Friday. The firm has a market capitalization of $5.74 billion, a PE ratio of 9.27 and a beta of 0.67. The company has a current ratio of 1.17, a quick 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 $15.36. The business’s 50-day moving average price is $12.01 and its 200-day moving average price is $12.74.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%.The business had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caz Investments LP purchased a new position in Blue Owl Capital during the third quarter valued at $14,357,000. Border to Coast Pensions Partnership Ltd grew its stake in shares of 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 worth $19,793,000 after acquiring an additional 250,000 shares during the last quarter. Ares Management LLC increased its holdings in shares of Blue Owl Capital by 6.5% during the second quarter. Ares Management LLC now owns 2,487,964 shares of the company’s stock valued at $35,677,000 after acquiring an additional 151,142 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Blue Owl Capital by 144.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 389,245 shares of the company’s stock worth $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 shares of Blue Owl Capital in the 3rd quarter worth about $1,671,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital declared that its Board of Directors has initiated a share buyback program on Wednesday, February 18th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Blue Owl Capital Dividend Announcement

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

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.