Brokerages Set Blue Owl Capital Co. (NYSE:OBDC) PT at $15.92

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.92.

A number of brokerages recently weighed in on OBDC. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th.

Institutional Trading of Blue Owl Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its position in Blue Owl Capital by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after acquiring an additional 24,425 shares during the last quarter. Amplius Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 1.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock valued at $615,000 after purchasing an additional 702 shares during the last quarter. Prairiewood Capital LLC increased its stake in shares of Blue Owl Capital by 8.9% during the fourth quarter. Prairiewood Capital LLC now owns 254,244 shares of the company’s stock worth $3,844,000 after purchasing an additional 20,699 shares during the period. Mandatum Life Insurance Co Ltd lifted its holdings in Blue Owl Capital by 16.4% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 45,051 shares of the company’s stock worth $681,000 after purchasing an additional 6,337 shares during the last quarter. Finally, TruWealth Advisors LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at $647,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.4 %

OBDC stock opened at $14.85 on Wednesday. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 9.22 and a beta of 0.84. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The business has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $15.04. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.97%. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

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.