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

Blue Owl Capital Co. (NYSE:OBDC) has received an average rating of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $16.08.

Several equities research analysts have commented on OBDC shares. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th.

Blue Owl Capital Price Performance

OBDC stock opened at $14.85 on Thursday. The stock’s 50 day moving average price is $15.12 and its 200 day moving average price is $15.03. The firm has a market cap of $7.58 billion, a P/E ratio of 9.70 and a beta of 0.83. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, sell-side analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.35%. Blue Owl Capital’s payout ratio is presently 96.73%.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC grew its holdings in shares of Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock valued at $68,762,000 after acquiring an additional 4,385,987 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital in the fourth quarter valued at about $34,103,000. Raymond James Financial Inc. purchased a new position in Blue Owl Capital in the fourth quarter valued at about $28,434,000. Boston Partners increased its position in Blue Owl Capital by 76.6% in the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after purchasing an additional 714,940 shares during the last quarter. Finally, Enstar Group LTD purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth about $10,139,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.