Blue Owl Capital (NYSE:OBDC) Releases Earnings Results, Misses Estimates By $0.03 EPS

Blue Owl Capital (NYSE:OBDC) released its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03), Zacks reports. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.76%. The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million.

Blue Owl Capital Trading Up 0.2%

Shares of NYSE:OBDC traded up $0.03 during trading on Friday, reaching $12.13. 6,286,174 shares of the company were exchanged, compared to its average volume of 5,654,439. The business’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $14.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital has a 12-month low of $11.94 and a 12-month high of $15.73. The firm has a market capitalization of $6.20 billion, a PE ratio of 8.60 and a beta of 0.74.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.2%. Blue Owl Capital’s dividend payout ratio (DPR) is 98.01%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth $489,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Blue Owl Capital by 3.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 508,345 shares of the company’s stock valued at $7,305,000 after acquiring an additional 18,551 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Blue Owl Capital by 38.8% in the second quarter. Corient Private Wealth LLC now owns 1,733,402 shares of the company’s stock worth $24,957,000 after acquiring an additional 484,324 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its stake in Blue Owl Capital by 14.2% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 138,181 shares of the company’s stock worth $1,982,000 after acquiring an additional 17,171 shares during the period. Finally, Lantern Wealth Advisors LLC bought a new position in Blue Owl Capital during the 2nd quarter worth about $607,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Citizens Jmp dropped their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $14.94.

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.