Blue Owl Capital (NYSE:OBDC) Reaches New 1-Year Low - Should You Sell?

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $13.36 and last traded at $13.40, with a volume of 2070354 shares trading hands. The stock had previously closed at $14.40.

Analyst Ratings Changes

OBDC has been the topic of a number of analyst reports. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.25.

Blue Owl Capital Stock Up 9.7 %

The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $14.86 and a two-hundred day moving average of $14.97. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 8.95 and a beta of 0.73.

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

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Insider Activity

In other news, Director Chris Temple acquired 15,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp raised its stake in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after acquiring an additional 1,922 shares during the last quarter. Anchor Investment Management LLC raised its position in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Blue Owl Capital during the 4th quarter worth about $48,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $50,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $49,000. 42.83% of the stock is currently 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.