Blue Owl Capital Co. (NYSE:OBDC) Receives $16.17 Average Price Target from Analysts

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.17.

OBDC has been the subject of a number of research analyst reports. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $14.00 to $15.00 in a research note on Monday, March 17th.

Blue Owl Capital Stock Down 2.5 %

Shares of NYSE:OBDC traded down $0.38 during midday trading on Monday, reaching $14.41. The company had a trading volume of 5,956,634 shares, compared to its average volume of 2,361,631. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a market capitalization of $7.36 billion, a P/E ratio of 9.42 and a beta of 0.85. The stock's fifty day moving average price is $15.04 and its 200-day moving average price is $15.02.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Equities research 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Blue Owl Capital's payout ratio is currently 96.73%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Atria Wealth Solutions Inc. increased its stake in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after buying an additional 685 shares during the period. Amplius Wealth Advisors LLC boosted its stake in Blue Owl Capital by 1.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock valued at $615,000 after buying an additional 702 shares in the last quarter. Channel Wealth LLC grew its holdings in Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock worth $673,000 after acquiring an additional 823 shares during the period. Tower Research Capital LLC TRC raised its position in Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after acquiring an additional 1,321 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

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.