Blue Owl Capital (NYSE:OBDC) Reaches New 1-Year High at $15.83

Blue Owl Capital Co. (NYSE:OBDC)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $15.83 and last traded at $15.80, with a volume of 393787 shares. The stock had previously closed at $15.74.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OBDC. Wells Fargo & Company upped their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research note on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, B. Riley cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective on the stock. in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a fifty day simple moving average of $15.26 and a two-hundred day simple moving average of $14.78. The firm has a market cap of $6.16 billion, a PE ratio of 7.80 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The company had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $397.42 million. Equities analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%. Blue Owl Capital’s dividend payout ratio is presently 68.97%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OBDC. Heritage Wealth Advisors purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new stake in Blue Owl Capital during the 4th quarter valued at about $38,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at about $41,000. Spire Wealth Management purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $45,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $56,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.