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

Shares of Blue Owl Capital Co. (NYSE:OBDC) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.92.

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada restated 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 reiterated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp increased its stake in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares during the period. National Bank of Canada FI increased its stake in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Blue Owl Capital by 604.7% during 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 last quarter. Westend Capital Management LLC boosted its position in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after buying an additional 1,784 shares during the period. Finally, nVerses Capital LLC grew its holdings in Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after acquiring an additional 1,600 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 0.6 %

Shares of OBDC opened at $14.93 on Wednesday. Blue Owl Capital has a twelve month low of $13.98 and a twelve 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 stock has a market cap of $5.82 billion, a PE ratio of 9.27 and a beta of 0.84. The business’s 50-day moving average price is $15.12 and its 200-day moving average price is $15.02.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. During the same period in the previous year, the company posted $0.49 EPS. On average, equities analysts forecast that Blue Owl Capital will post 1.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.92%. Blue Owl Capital’s payout ratio is currently 91.93%.

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.