Blue Owl Capital (OBDC) Scheduled to Post Quarterly Earnings on Wednesday

Blue Owl Capital (NYSE:OBDC - Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Blue Owl Capital to post earnings of $0.48 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million for the quarter, compared to analysts' expectations of $388.84 million. On average, analysts expect Blue Owl Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Blue Owl Capital Stock Up 0.3 %

OBDC stock traded up $0.04 during trading on Wednesday, reaching $15.13. 1,182,822 shares of the stock were exchanged, compared to its average volume of 1,954,023. The firm's 50 day moving average is $14.90 and its 200 day moving average is $15.43. The firm has a market cap of $5.90 billion, a P/E ratio of 8.45 and a beta of 0.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital has a twelve month low of $13.15 and a twelve month high of $16.91.

Blue Owl Capital Increases Dividend

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

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company's stock, valued at $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on OBDC. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a report on Tuesday, August 20th. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.