Blue Owl Capital (NYSE:OBDC) to Repurchase $300.00 million in Shares

Blue Owl Capital (NYSE:OBDC) announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 18th, RTT News reports. The company plans to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Blue Owl Capital Trading Down 1.1%

Shares of NYSE OBDC traded down $0.13 during trading hours on Thursday, hitting $11.43. 13,574,453 shares of the company traded hands, compared to its average volume of 6,187,989. The company’s 50 day moving average price is $12.27 and its 200 day moving average price is $12.94. Blue Owl Capital has a 12 month low of $10.70 and a 12 month high of $15.73. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 9.21 and a beta of 0.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 9.98%. The company had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. On average, equities research analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 13.0%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 104.96%.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut 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 report on Monday, November 10th. Citizens Jmp cut their price target 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. Royal Bank Of Canada reduced their price objective on 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. Finally, Wells Fargo & Company lowered 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.21.

Insiders Place Their Bets

In other Blue Owl Capital news, VP Neena Reddy bought 7,890 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the purchase, the vice president owned 7,890 shares in the company, valued at $103,043.40. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

Blue Owl Capital News Summary

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Board increased buyback authorization and continued accretive repurchases (repurchased ~$148M at ~86% price-to-book), and Moody’s upgraded Blue Owl’s rating to Baa2 — supports capital return and credit profile improvement. Company Financial Results Press Release
• Positive Sentiment: Declared quarterly dividend of $0.37 per share — yields attractive income for investors and signals management’s intent to maintain distributions. Company Financial Results Press Release
• Neutral Sentiment: Q4 results were mixed: EPS slightly beat (reported $0.36 vs. $0.35 est.) and net investment income held steady, but revenue missed estimates and year-over-year EPS declined; NAV dipped modestly due to isolated credit markdowns. These factors show decent underlying earnings but also higher expenses and some credit pressure. Zacks: Q4 Earnings Beat
• Neutral Sentiment: Blue Owl and affiliated BDCs agreed to sell $1.4B of direct lending investments to institutional buyers at ~99.7% of par, including ~$400M from OBDC — this raises cash and returns capital to certain investors while crystallizing portfolio rotations at near-par pricing. Press Release: $1.4B Asset Sale
• Negative Sentiment: Management permanently halted quarterly redemptions for its non-traded, retail-focused OBDC II fund and said liquidity will be provided via periodic distributions as assets are sold — this move spooked retail investors and sparked headlines questioning liquidity practices, creating reputational risk and near-term selling pressure. 24/7 Wall St.: Redemptions Halted

Blue Owl Capital Company Profile

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.