Blue Owl Capital Co. (NYSE:OBDC) Receives $16.08 Consensus PT from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $16.08.

Several equities analysts recently weighed in on OBDC shares. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $14.37 on Thursday. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The firm has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $15.03. The stock has a market capitalization of $7.34 billion, a PE ratio of 9.39 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. On average, research analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its stake in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares in the last quarter. Anchor Investment Management LLC raised its stake in Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Blue Owl Capital in the fourth quarter valued at about $48,000. Lazard Asset Management LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $49,000. Finally, National Bank of Canada FI raised its stake in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after purchasing an additional 2,460 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.