Blue Owl Capital (NYSE:OBDC) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) released its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Blue Owl Capital had a return on equity of 12.36% and a net margin of 37.26%. The business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million.

Blue Owl Capital Stock Up 0.8 %

NYSE OBDC traded up $0.13 during trading hours on Friday, hitting $15.66. The company’s stock had a trading volume of 678,592 shares, compared to its average volume of 2,904,602. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company’s 50-day simple moving average is $15.11 and its two-hundred day simple moving average is $14.98. The company has a market capitalization of $6.11 billion, a PE ratio of 10.23 and a beta of 0.83.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

OBDC has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. JMP Securities boosted their price target on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.08.

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.