Blue Owl Capital Co. (NYSE:OBDC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $15.86.

A number of research firms recently commented on OBDC. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th.

Blue Owl Capital Trading Up 1.1 %

NYSE:OBDC opened at $15.48 on Friday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 9.61 and a beta of 0.85. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital has a 1 year low of $13.98 and a 1 year high of $16.91. The business has a fifty day moving average of $15.12 and a 200-day moving average of $15.12.

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 given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.56%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is 91.93%.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of OBDC. Raymond James Financial Services Advisors Inc. lifted its position in shares of Blue Owl Capital by 4.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 679,873 shares of the company’s stock valued at $10,443,000 after acquiring an additional 27,866 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Blue Owl Capital by 37.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock valued at $619,000 after purchasing an additional 11,041 shares during the period. HB Wealth Management LLC boosted its position in shares of Blue Owl Capital by 13.5% in the second quarter. HB Wealth Management LLC now owns 373,724 shares of the company’s stock worth $5,740,000 after buying an additional 44,355 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Blue Owl Capital by 5.4% during the second quarter. Arkadios Wealth Advisors now owns 23,555 shares of the company’s stock valued at $362,000 after buying an additional 1,200 shares in the last quarter. Finally, Strategies Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after buying an additional 745 shares in the last quarter. 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.