Blue Owl Capital Co. (NYSE:OBDC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.07.

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on 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 lowered their price target on 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. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Truist Financial lowered their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Blue Owl Capital Trading Down 0.2 %

Shares of OBDC opened at $15.19 on Tuesday. The business’s 50-day moving average price is $14.91 and its 200 day moving average price is $15.31. The stock has a market capitalization of $5.93 billion, a P/E ratio of 9.43 and a beta of 0.86. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.74%. Blue Owl Capital’s payout ratio is currently 91.93%.

Institutional Trading of Blue Owl Capital

A number of large investors have recently bought and sold shares of OBDC. National Bank of Canada FI bought a new stake in shares of Blue Owl Capital during the second quarter worth $26,000. CWM LLC grew its holdings in shares of Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,032 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the second quarter worth $61,000. Zions Bancorporation N.A. bought a new stake in shares of Blue Owl Capital during the second quarter worth $61,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 604.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after purchasing an additional 3,580 shares during the last quarter. 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.