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

Blue Owl Capital Co. (NYSE:OBDC) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.17.

OBDC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Monday, March 17th. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd.

Blue Owl Capital Stock Down 1.7 %

Shares of OBDC stock opened at $15.05 on Monday. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The stock has a market cap of $7.69 billion, a P/E ratio of 9.83 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a fifty day moving average price of $15.05 and a 200 day moving average price of $15.03.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.33%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of Blue Owl Capital

Hedge funds have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. lifted its stake in shares of Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after buying an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock valued at $615,000 after buying an additional 702 shares in the last quarter. Channel Wealth LLC raised its position in shares of Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after buying an additional 823 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after purchasing an additional 1,321 shares in the last quarter. 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.