Blue Owl Capital Corporation (NYSE:OBDC) Receives $14.81 Average Price Target from Brokerages

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $14.8125.

OBDC has been the topic of a number of research reports. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Monday. Wells Fargo & Company decreased their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Citizens Jmp dropped their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th.

Blue Owl Capital Stock Down 1.0%

Shares of Blue Owl Capital stock opened at $11.98 on Tuesday. The stock’s 50-day moving average is $13.04 and its 200 day moving average is $13.94. Blue Owl Capital has a one year low of $11.90 and a one year high of $15.73. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 8.49 and a beta of 0.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $453.07 million during the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Equities research analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Blue Owl Capital by 44.5% during the 1st quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company’s stock valued at $1,706,000 after acquiring an additional 35,820 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Blue Owl Capital by 7.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,575 shares of the company’s stock valued at $419,000 after acquiring an additional 2,020 shares during the last quarter. Cerity Partners LLC lifted its position in Blue Owl Capital by 110.2% in the first quarter. Cerity Partners LLC now owns 540,142 shares of the company’s stock valued at $7,918,000 after purchasing an additional 283,156 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Blue Owl Capital during the 1st quarter valued at $378,000. Finally, Turtle Creek Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 930.8% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 183,753 shares of the company’s stock valued at $2,694,000 after acquiring an additional 165,926 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

About Blue Owl Capital

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.