Blue Owl Capital (NYSE:OBDC) Hits New 12-Month Low - Here's Why

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $12.11 and last traded at $13.69, with a volume of 9265786 shares. The stock had previously closed at $12.48.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday. They set a "buy" rating and a $16.00 price target for the company. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $16.21.

Blue Owl Capital Stock Up 2.1 %

The firm's 50 day simple moving average is $14.70 and its 200 day simple moving average is $14.92. 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 company has a market cap of $7.00 billion, a price-to-earnings ratio of 8.96 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate 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 business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital's dividend payout ratio is 96.73%.

Insider Activity

In related news, Director Chris Temple acquired 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of OBDC. Fifth Third Bancorp lifted its holdings in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after buying an additional 1,922 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after acquiring an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Blue Owl Capital in the fourth quarter worth about $48,000. Lazard Asset Management LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $49,000. Finally, Roxbury Financial LLC bought a new position in shares of Blue Owl Capital in the 1st quarter valued at about $50,000. 42.83% of the stock is owned by institutional investors and hedge funds.

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.