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

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.19.

A number of research firms have recently commented on OBDC. Hovde Group upped their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Truist Financial upped their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada increased their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th.

Blue Owl Capital Stock Down 1.4 %

OBDC opened at $15.36 on Friday. Blue Owl Capital has a 12 month low of $12.99 and a 12 month high of $16.91. The business has a 50-day moving average of $16.17 and a two-hundred day moving average of $15.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 7.76 and a beta of 0.89.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The company had revenue of $399.58 million for the quarter, compared to analyst estimates of $399.16 million. On average, research analysts expect that Blue Owl Capital will post 1.88 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a $0.05 dividend. This represents a yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio is presently 70.71%.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of New Jersey Common Pension Fund E purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $335,810,000. Regents of The University of California purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $258,421,000. Van ECK Associates Corp boosted its stake in shares of Blue Owl Capital by 19.4% during the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock valued at $125,355,000 after buying an additional 1,326,277 shares during the last quarter. LSV Asset Management boosted its stake in shares of Blue Owl Capital by 17.3% during the 1st quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock valued at $62,582,000 after buying an additional 600,447 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $56,354,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.