Blue Owl Capital (NYSE:OBDC) PT Raised to $17.00

Blue Owl Capital (NYSE:OBDCFree Report) had its price objective hoisted by Royal Bank of Canada from $16.00 to $17.00 in a research note released on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Hovde Group raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an outperform rating in a report on Friday, May 10th. Truist Financial lifted their target price on Blue Owl Capital from $16.00 to $18.00 and gave the stock a buy rating in a report on Monday, May 13th. JMP Securities reiterated a market outperform rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company lifted their target price on Blue Owl Capital from $13.00 to $14.50 and gave the stock an underweight rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $16.21.

View Our Latest Report on OBDC

Blue Owl Capital Stock Performance

NYSE OBDC opened at $16.55 on Friday. The stock has a market capitalization of $6.45 billion, a PE ratio of 8.36 and a beta of 0.88. The business has a 50 day simple moving average of $15.70 and a two-hundred day simple moving average of $15.15. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. Blue Owl Capital has a 1-year low of $12.99 and a 1-year high of $16.62.

Blue Owl Capital (NYSE:OBDCGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. On average, research analysts predict that Blue Owl Capital will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 8.95%. Blue Owl Capital’s payout ratio is 70.71%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. State of New Jersey Common Pension Fund E purchased a new position in Blue Owl Capital during the 4th quarter worth $335,810,000. Regents of The University of California purchased a new position in Blue Owl Capital during the 4th quarter worth $258,421,000. Van ECK Associates Corp grew its stake in Blue Owl Capital by 19.4% during the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock worth $125,355,000 after buying an additional 1,326,277 shares during the last quarter. LSV Asset Management grew its stake in Blue Owl Capital by 17.3% during the 1st quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock worth $62,582,000 after buying an additional 600,447 shares during the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $56,354,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Owl Capital

(Get Free Report)

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.

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Analyst Recommendations for Blue Owl Capital (NYSE:OBDC)

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