Blue Owl Capital (NYSE:OBDC) Raised to Equal Weight 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 research report sent to investors on Monday, MarketBeat.com reports. Wells Fargo & Company currently has $15.00 price target on the stock, up from their previous price target of $14.00.

Several other research firms also recently weighed in on OBDC. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $16.17.

Blue Owl Capital Stock Up 3.5 %

OBDC opened at $14.91 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market capitalization of $7.61 billion, a PE ratio of 9.74 and a beta of 0.85. The firm’s 50 day simple moving average is $15.00 and its two-hundred day simple moving average is $15.01.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $395.24 million. As a group, equities analysts forecast that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Blue Owl Capital by 19.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,627 shares of the company’s stock valued at $705,000 after acquiring an additional 7,522 shares during the last quarter. Palogic Value Management L.P. grew its stake in shares of Blue Owl Capital by 7.8% in the 4th quarter. Palogic Value Management L.P. now owns 117,536 shares of the company’s stock worth $1,777,000 after buying an additional 8,553 shares in the last quarter. Liberty Square Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth $386,000. Ameriflex Group Inc. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth $541,000. Finally, Lantern Wealth Advisors LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth $640,000. 42.83% of the stock is currently owned by institutional investors.

About Blue Owl Capital

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.