Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.17.

A number of equities research analysts have weighed in on OBDC shares. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research 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. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $14.00 to $15.00 in a report on Monday, March 17th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd.

Blue Owl Capital Trading Down 1.7 %

Shares of NYSE OBDC opened at $15.05 on Monday. The stock has a market capitalization of $7.69 billion, a P/E ratio of 9.83 and a beta of 0.85. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The business’s 50 day moving average is $15.05 and its two-hundred day moving average is $15.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

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

Blue Owl Capital Dividend Announcement

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

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 in the company, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of OBDC. Fifth Third Bancorp boosted its position in shares of 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 purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $48,000. Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $49,000. Finally, National Bank of Canada FI increased its stake in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.