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

Blue Owl Capital Co. (NYSE:OBDC) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.94.

A number of research analysts have recently commented on the company. Truist Financial dropped their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th.

Blue Owl Capital Trading Up 0.6 %

NYSE OBDC opened at $14.79 on Thursday. Blue Owl Capital has a 52 week low of $12.99 and a 52 week high of $16.91. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $15.51. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.76 billion, a PE ratio of 7.47 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. As a group, research analysts expect that Blue Owl Capital will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, September 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is 74.75%.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is owned by insiders.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI acquired a new stake in Blue Owl Capital in the second quarter valued at about $26,000. Heritage Wealth Advisors purchased a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $32,000. CWM LLC lifted its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $38,000. Finally, Headlands Technologies LLC acquired a new position in Blue Owl Capital during the first quarter worth $40,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.