Equities Analysts Offer Predictions for OBDC FY2024 Earnings

Blue Owl Capital Co. (NYSE:OBDC) – Stock analysts at B. Riley cut their FY2024 earnings per share estimates for shares of Blue Owl Capital in a research report issued to clients and investors on Friday, November 8th. B. Riley analyst B. Rowe now forecasts that the company will post earnings of $1.90 per share for the year, down from their prior estimate of $1.92. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.90 per share. B. Riley also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.47 EPS, Q3 2025 earnings at $0.44 EPS and FY2025 earnings at $1.71 EPS.

Several other equities analysts have also recently commented on OBDC. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Finally, Truist Financial decreased their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.07.

Blue Owl Capital Price Performance

Shares of OBDC opened at $14.87 on Monday. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The stock’s fifty day moving average is $14.88 and its 200-day moving average is $15.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.23 and a beta of 0.86.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of Blue Owl Capital in the second quarter valued at $26,000. CWM LLC raised its position in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the period. Headlands Technologies LLC purchased a new stake in Blue Owl Capital in the 1st quarter worth about $40,000. Rothschild Investment LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth about $61,000. Finally, Zions Bancorporation N.A. purchased a new position in Blue Owl Capital during the 2nd quarter valued at about $61,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.96%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

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.