FY2024 EPS Forecast for Blue Owl Capital Lowered by Analyst

Blue Owl Capital Co. (NYSE:OBDC) – Investment analysts at Zacks Research reduced their FY2024 EPS estimates for shares of Blue Owl Capital in a note issued to investors on Tuesday, November 19th. Zacks Research analyst K. Dey now expects that the company will post earnings of $1.88 per share for the year, down from their previous estimate of $1.91. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.90 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.46 EPS and Q4 2025 earnings at $0.43 EPS.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday. Wells Fargo & Company upped their price objective 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. Keefe, Bruyette & Woods decreased 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 note on Tuesday, August 20th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $15.06 on Wednesday. The stock has a market cap of $5.88 billion, a PE ratio of 9.35 and a beta of 0.86. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $14.90 and a 200-day simple moving average of $15.34.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. 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 yield of 9.83%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This trade represents a 38.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI bought a new position in Blue Owl Capital during the second quarter valued at about $26,000. CWM LLC raised its stake in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. Rothschild Investment LLC bought a new position in Blue Owl Capital in the second quarter worth $61,000. Zions Bancorporation N.A. acquired a new stake in Blue Owl Capital during the second quarter worth $61,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after buying an additional 3,580 shares during the period. 42.83% of the stock is 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.