Blue Owl Capital Co. (NYSE:OBDC) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.21.

A number of brokerages have issued reports on OBDC. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $14.00 to $15.00 in a research note on Monday, March 17th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group began coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company's stock.

Institutional Trading of Blue Owl Capital

Several large investors have recently bought and sold shares of OBDC. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after buying an additional 174,759 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after acquiring an additional 74,959 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth $814,000. Finally, Wells Fargo & Company MN boosted its position in shares of Blue Owl Capital by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock valued at $16,117,000 after acquiring an additional 159,946 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.26 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The company has a market cap of $7.29 billion, a PE ratio of 9.32 and a beta of 0.73. Blue Owl Capital has a 12-month low of $12.11 and a 12-month high of $16.91. The business's fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. Analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.

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.

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