Blue Owl Capital (NYSE:OBDC) Hits New 1-Year High at $16.39

Blue Owl Capital Co. (NYSE:OBDC) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $16.39 and last traded at $16.34, with a volume of 72565 shares traded. The stock had previously closed at $16.33.

Analyst Ratings Changes

Several equities analysts recently issued reports on OBDC shares. JMP Securities restated a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company increased their price target on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, B. Riley cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective on the stock. in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.50.

Blue Owl Capital Price Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The company has a 50-day simple moving average of $15.44 and a 200-day simple moving average of $14.93. The stock has a market cap of $6.36 billion, a PE ratio of 8.04 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Sell-side analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is 68.97%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares in the company, valued at approximately $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of OBDC. Mackenzie Financial Corp acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at about $795,000. abrdn plc purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $1,965,000. Koshinski Asset Management Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $1,170,000. Tectonic Advisors LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $5,417,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth $1,074,000. Institutional investors and hedge funds 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.