Blue Owl Capital Corporation (NYSE:OBDC) Given Average Rating of “Moderate Buy” by Analysts

Blue Owl Capital Corporation (NYSE:OBDC) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.00.

OBDC has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research note on Friday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in OBDC. IFP Advisors Inc boosted its holdings in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after acquiring an additional 1,320 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after acquiring an additional 2,200 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, AG Campbell Advisory LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at approximately $36,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.7%

Shares of NYSE:OBDC opened at $10.78 on Friday. The business’s 50 day moving average is $10.99 and its 200 day moving average is $11.38. The stock has a market cap of $5.35 billion, a P/E ratio of 15.39 and a beta of 0.62. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $14.89. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $391.00 million for the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Sell-side analysts predict that Blue Owl Capital will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 177.14%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.