Zacks Research Has Negative Outlook for OBDC FY2024 Earnings

Blue Owl Capital Co. (NYSE:OBDC) – Analysts at Zacks Research decreased their FY2024 earnings estimates for shares of Blue Owl Capital in a report issued on Tuesday, October 22nd. Zacks Research analyst K. Dey now expects that the company will earn $1.91 per share for the year, down from their previous estimate of $1.92. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.91 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.47 EPS, Q2 2025 earnings at $0.42 EPS, FY2025 earnings at $1.71 EPS, Q1 2026 earnings at $0.43 EPS and Q2 2026 earnings at $0.42 EPS.

A number of other equities analysts have also recently commented on OBDC. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Finally, Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Stock Down 0.3 %

Shares of NYSE OBDC opened at $15.15 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital has a 52-week low of $12.99 and a 52-week high of $16.91. The business has a 50-day moving average price of $14.88 and a 200 day moving average price of $15.44. The stock has a market cap of $5.91 billion, a PE ratio of 8.46 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the company. Atomi Financial Group Inc. grew its stake in Blue Owl Capital by 5.5% in the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock valued at $215,000 after acquiring an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 2.7% during the 2nd quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after purchasing an additional 745 shares during the last quarter. Intellectus Partners LLC lifted its stake in Blue Owl Capital by 0.7% in the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock valued at $1,901,000 after buying an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock valued at $679,000 after buying an additional 881 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in Blue Owl Capital by 3.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after buying an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio is currently 82.68%.

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.