Blue Owl Capital Corporation (NYSE:OBDC) Receives $14.56 Average Target Price from Analysts

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $14.5625.

Several equities analysts have recently issued reports on the company. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Citizens Jmp dropped their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Finally, Royal Bank Of Canada decreased their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th.

Insiders Place Their Bets

In related news, VP Neena Reddy bought 7,890 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at $103,043.40. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Packer purchased 83,200 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the transaction, the chief executive officer owned 41,600 shares in the company, valued at $488,800. The trade was a -200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after buying an additional 1,320 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Blue Owl Capital in the 3rd quarter valued at $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Blue Owl Capital in the third quarter valued at $30,000. Finally, First Horizon Advisors Inc. acquired a new position in Blue Owl Capital during the second quarter worth $40,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.2%

Blue Owl Capital stock opened at $12.28 on Friday. Blue Owl Capital has a 1-year low of $11.65 and a 1-year high of $15.73. The stock has a market cap of $6.27 billion, a PE ratio of 8.71 and a beta of 0.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average is $12.75 and its two-hundred day moving average is $13.29.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. On average, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 104.96%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit?investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first?lien senior secured loans, unitranche facilities, second?lien financings, mezzanine debt, and minority equity co-investments.