Blue Owl Capital Corporation (NYSE:OBDC) Given Consensus Rating of “Moderate Buy” by Analysts

Blue Owl Capital Corporation (NYSE:OBDC) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.0625.

Several equities analysts have recently commented on OBDC shares. Royal Bank Of Canada lowered 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 report on Friday, February 20th. Truist Financial cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a research note on Monday, February 23rd.

Blue Owl Capital Trading Down 0.4%

NYSE:OBDC opened at $10.95 on Monday. Blue Owl Capital has a 12-month low of $10.70 and a 12-month high of $15.36. The firm has a market capitalization of $5.47 billion, a P/E ratio of 8.83 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. The business has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $12.62.

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

Blue Owl Capital declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 18th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 13.5%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 119.35%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in shares of Blue Owl Capital by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after buying an additional 384,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $6,641,000. Envestnet Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock valued at $1,981,000 after acquiring an additional 1,432 shares in the last quarter. Allworth Financial LP increased its stake in shares of Blue Owl Capital by 24,533.3% during the second quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after acquiring an additional 3,680 shares during the period. Finally, Foundations Investment Advisors LLC bought a new stake in Blue Owl Capital during the second quarter worth approximately $285,000. 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.