Keefe, Bruyette & Woods Reaffirms "Underperform" Rating for Blue Owl Capital (NYSE:OBDC)

Keefe, Bruyette & Woods restated their underperform rating on shares of Blue Owl Capital (NYSE:OBDC - Free Report) in a report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a $14.00 price objective on the stock, down from their previous price objective of $15.50.

OBDC has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Compass Point raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $15.86.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.14 during trading hours on Thursday, hitting $15.23. 1,592,267 shares of the company traded hands, compared to its average volume of 1,939,594. The firm's 50-day simple moving average is $15.05 and its two-hundred day simple moving average is $15.22. The firm has a market cap of $5.94 billion, a P/E ratio of 9.55 and a beta of 0.85. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is 91.93%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $26,000. CWM LLC raised its holdings in shares of Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,032 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Blue Owl Capital during the second quarter valued at $61,000. Zions Bancorporation N.A. purchased a new position in Blue Owl Capital in the second quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC increased its position in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company's stock worth $65,000 after purchasing an additional 3,580 shares during the last quarter. Institutional investors and hedge funds 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.