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

Blue Owl Capital Co. (NYSE:OBDC) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.07.

OBDC has been the subject of several recent research reports. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company increased their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th.

Blue Owl Capital Stock Up 0.8 %

OBDC opened at $15.22 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 9.45 and a beta of 0.86. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The business’s fifty day moving average is $14.95 and its two-hundred day moving average is $15.29.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.72%. Blue Owl Capital’s payout ratio is 91.93%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares during the period. LSV Asset Management raised its position in shares of Blue Owl Capital by 10.4% in the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock worth $69,012,000 after buying an additional 423,934 shares during the period. Stephens Inc. AR boosted its holdings in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after acquiring an additional 132,386 shares during the last quarter. Sound Income Strategies LLC grew its position in Blue Owl Capital by 4.8% during the third quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock valued at $41,412,000 after acquiring an additional 130,181 shares during the period. Finally, Sage Advisors LLC increased its stake in Blue Owl Capital by 3.7% during the third quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after acquiring an additional 71,503 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other 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.