Jefferies Financial Group Initiates Coverage on Blue Owl Capital (NYSE:OBDC)

Jefferies Financial Group initiated coverage on shares of Blue Owl Capital (NYSE:OBDC) in a research report sent to investors on Friday, MarketBeat reports. The brokerage issued a buy rating and a $16.00 price objective on the stock.

A number of other brokerages have also issued reports on OBDC. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $13.28 on Friday. The firm has a market cap of $6.78 billion, a PE ratio of 8.68 and a beta of 0.73. The company’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $14.93. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, equities analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp raised its stake in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Blue Owl Capital during the 4th quarter valued at $48,000. Lazard Asset Management LLC acquired a new position in Blue Owl Capital during the fourth quarter worth $49,000. Finally, Roxbury Financial LLC acquired a new position in shares of Blue Owl Capital during the first quarter valued at about $50,000. 42.83% of the stock is currently owned by 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.