Blue Owl Capital (NYSE:OBDC) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Blue Owl Capital (NYSE:OBDC) from an underweight rating to an equal weight rating in a report issued on Monday, MarketBeat reports. They currently have $15.00 target price on the stock, up from their prior target price of $14.00.

OBDC has been the topic of several other reports. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.17.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.00 on Monday. The stock’s 50 day moving average price is $15.01 and its 200 day moving average price is $15.01. The firm has a market capitalization of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OBDC. Fifth Third Bancorp grew its stake in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the last quarter. Anchor Investment Management LLC grew its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after buying an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Blue Owl Capital in the fourth quarter worth $48,000. Lazard Asset Management LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $49,000. Finally, National Bank of Canada FI grew its stake in shares of 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 worth $61,000 after purchasing an additional 2,460 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

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.