Blue Owl Capital (OBDC) Scheduled to Post Earnings on Wednesday

Blue Owl Capital (NYSE:OBDC) will be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. On average, analysts expect Blue Owl Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.08 on Wednesday. The business has a 50 day simple moving average of $14.90 and a 200 day simple moving average of $15.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $5.88 billion, a PE ratio of 8.42 and a beta of 0.87. Blue Owl Capital has a one year low of $13.08 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s dividend payout ratio is currently 82.68%.

Insider Activity

In other news, Director Edward H. Dalelio acquired 2,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Monday, August 12th. 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 note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.