Blue Owl Capital (NYSE:OBDC) Price Target Increased to $14.50 by Analysts at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC - Free Report) had its price objective hoisted by Wells Fargo & Company from $14.00 to $14.50 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have an underweight rating on the stock.

Several other brokerages also recently weighed in on OBDC. Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Compass Point raised Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Raymond James downgraded Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Blue Owl Capital Stock Performance

NYSE OBDC traded down $0.23 on Tuesday, hitting $15.08. 1,528,411 shares of the company's stock were exchanged, compared to its average volume of 1,957,713. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm's 50-day moving average price is $14.89 and its two-hundred day moving average price is $15.43. Blue Owl Capital has a fifty-two week low of $13.08 and a fifty-two week high of $16.91. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 8.55 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million for the quarter, compared to analysts' expectations of $388.84 million. On average, research analysts expect that Blue Owl Capital will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital's payout ratio is 82.68%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now owns 9,016 shares of the company's stock, valued at $135,420.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.12% of the company's stock.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently bought and sold shares of the business. National Bank of Canada FI bought a new stake in Blue Owl Capital in the second quarter worth $26,000. CWM LLC boosted its holdings in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after acquiring an additional 1,032 shares during the period. Headlands Technologies LLC bought a new stake in Blue Owl Capital during the first quarter valued at about $40,000. Retirement Group LLC boosted its holdings in Blue Owl Capital by 216.8% during the first quarter. Retirement Group LLC now owns 3,105 shares of the company's stock valued at $48,000 after acquiring an additional 2,125 shares during the period. Finally, Rothschild Investment LLC bought a new stake in Blue Owl Capital during the second quarter valued at about $61,000. 42.83% of the stock is currently owned by institutional investors.

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.