Blue Owl Capital (NYSE:OBDC) Raised to “Strong-Buy” at Compass Point

Compass Point upgraded shares of Blue Owl Capital (NYSE:OBDC) to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports.

Other analysts also recently issued reports about the stock. Raymond James downgraded shares of Blue Owl Capital from an outperform rating to a market perform rating in a report on Friday, August 9th. Royal Bank of Canada restated an outperform rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Truist Financial decreased their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a buy rating on the stock in a research note on Friday, August 9th. Hovde Group upped their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an outperform rating in a report on Friday, May 10th. Finally, Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $16.00 to $15.50 and set a market perform rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $15.94.

Blue Owl Capital Price Performance

NYSE OBDC opened at $14.67 on Monday. The firm’s fifty day simple moving average is $15.31 and its two-hundred day simple moving average is $15.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital has a 12-month low of $12.99 and a 12-month high of $16.91. The firm has a market capitalization of $5.72 billion, a P/E ratio of 7.38 and a beta of 0.87.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, August 30th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

Institutional Trading of Blue Owl Capital

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital in the second quarter worth $26,000. Heritage Wealth Advisors acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at $32,000. CWM LLC increased its position in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,032 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Blue Owl Capital in the 4th quarter valued at about $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth about $40,000. Hedge funds and other institutional investors 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.