Blue Owl Capital (NYSE:OBDC - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01, Zacks reports. The company had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.36% and a net margin of 37.26%.
Blue Owl Capital Stock Down 0.6 %
OBDC stock traded down $0.10 during midday trading on Friday, hitting $15.44. The company's stock had a trading volume of 2,694,086 shares, compared to its average volume of 2,964,559. The company has a market cap of $6.02 billion, a PE ratio of 10.09 and a beta of 0.83. The firm's 50-day moving average is $15.11 and its 200-day moving average is $14.99. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.
Blue Owl Capital Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date is Friday, February 28th. Blue Owl Capital's payout ratio is currently 96.73%.
Wall Street Analyst Weigh In
A number of analysts have recently commented on OBDC shares. JMP Securities boosted their target price on shares of Blue Owl Capital from $16.50 to $17.00 and gave the company a "market outperform" rating in a report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.08.
View Our Latest Stock Report on OBDC
About Blue Owl Capital
(
Get Free Report)
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.
Further Reading
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