Blue Owl Capital (NYSE:OBDC) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Blue Owl Capital (NYSE:OBDC) released its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03), Zacks reports. The business had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.76%.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.03 during midday trading on Friday, hitting $12.13. The company had a trading volume of 6,286,174 shares, compared to its average volume of 5,654,439. The firm has a fifty day simple moving average of $13.22 and a two-hundred day simple moving average of $14.00. Blue Owl Capital has a fifty-two week low of $11.94 and a fifty-two week high of $15.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 8.60 and a beta of 0.74.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.2%. Blue Owl Capital’s dividend payout ratio is 98.01%.

Analysts Set New Price Targets

Several research firms have weighed in on OBDC. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Citizens Jmp decreased their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $14.94.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. EverSource Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 106.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after acquiring an additional 4,494 shares during the period. CTC Alternative Strategies Ltd. lifted its position in Blue Owl Capital by 17.1% in the second quarter. CTC Alternative Strategies Ltd. now owns 12,300 shares of the company’s stock worth $176,000 after purchasing an additional 1,800 shares during the period. Ausdal Financial Partners Inc. boosted its stake in Blue Owl Capital by 24.5% during the second quarter. Ausdal Financial Partners Inc. now owns 12,971 shares of the company’s stock worth $186,000 after buying an additional 2,555 shares in the last quarter. Vident Advisory LLC acquired a new stake in Blue Owl Capital during the second quarter worth $214,000. Finally, Diversify Advisory Services LLC raised its stake in shares of Blue Owl Capital by 24.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after buying an additional 3,200 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

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.