Brokerages Set Blue Owl Capital Corporation (NYSE:OBDC) Price Target at $13.00

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.00.

Several research analysts have commented on the stock. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Capital One Financial set a $13.00 target price on Blue Owl Capital in a report on Friday, July 24th. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Truist Financial decreased their target price on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company cut their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, May 8th.

Blue Owl Capital Price Performance

OBDC stock opened at $11.51 on Thursday. Blue Owl Capital has a one year low of $10.52 and a one year high of $14.44. The company’s fifty day moving average price is $11.03 and its 200-day moving average price is $11.23. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $5.68 billion, a PE ratio of 20.55 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same period last year, the company posted $0.40 earnings per share. On average, equities analysts anticipate that Blue Owl Capital will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 10.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio is 221.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its stake in Blue Owl Capital by 79.6% during 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 in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Blue Owl Capital by 440.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after buying an additional 2,200 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Blue Owl Capital in the 3rd quarter worth $30,000. Finally, AG Campbell Advisory LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth about $36,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

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.