Blue Owl Capital (NYSE:OBDC) Issues Q4 Earnings Guidance

Blue Owl Capital (NYSE:OBDC) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.47 for the period, compared to the consensus earnings per share estimate of $0.46.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OBDC. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Up 0.3 %

OBDC opened at $14.96 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The stock has a market capitalization of $5.84 billion, a P/E ratio of 9.29 and a beta of 0.84. The business has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $15.04.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.89%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

About Blue Owl Capital

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.