Blue Owl Capital Co. (NYSE:OBDC) Receives $16.17 Consensus PT from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.17.

A number of equities analysts have recently commented on OBDC shares. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research report on Monday, March 17th.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple acquired 15,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. boosted its position in shares of Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after purchasing an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC boosted its holdings in Blue Owl Capital by 1.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC grew its stake in Blue Owl Capital by 1.9% in the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after acquiring an additional 823 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after purchasing an additional 1,321 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 0.2 %

Shares of OBDC stock opened at $14.77 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $7.55 billion, a P/E ratio of 9.65 and a beta of 0.85. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The stock’s fifty day simple moving average is $15.04 and its 200 day simple moving average is $15.03.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

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.