Blue Owl Capital Co. (NYSE:OBDC) Given Consensus Recommendation of “Hold” by Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $15.86.

Several equities research analysts recently issued reports on OBDC shares. Wells Fargo & Company increased their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares in the last quarter. LSV Asset Management increased its holdings in Blue Owl Capital by 10.4% in the second quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after purchasing an additional 423,934 shares during the last quarter. Stephens Inc. AR boosted its holdings in Blue Owl Capital by 4.3% during the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after buying an additional 132,386 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Blue Owl Capital by 4.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock valued at $41,412,000 after acquiring an additional 130,181 shares during the last quarter. Finally, Sage Advisors LLC raised its position in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock valued at $29,095,000 after acquiring an additional 71,503 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.19 on Friday. 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 has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a market cap of $5.93 billion, a PE ratio of 9.43 and a beta of 0.85. The stock’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $15.16.

Blue Owl Capital Increases Dividend

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

About Blue Owl Capital

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.