Research Analysts Set Expectations for OBDC FY2024 Earnings

Blue Owl Capital Co. (NYSE:OBDC - Free Report) - Equities research analysts at B. Riley decreased their FY2024 EPS estimates for Blue Owl Capital in a research note issued on Friday, November 8th. B. Riley analyst B. Rowe now anticipates that the company will post earnings of $1.90 per share for the year, down from their previous forecast of $1.92. The consensus estimate for Blue Owl Capital's current full-year earnings is $1.90 per share. B. Riley also issued estimates for Blue Owl Capital's Q4 2024 earnings at $0.47 EPS, Q3 2025 earnings at $0.44 EPS and FY2025 earnings at $1.71 EPS.

Several other brokerages have also issued reports on OBDC. Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Truist Financial cut their price objective on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Raymond James lowered shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods lowered their price target 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.07.

Blue Owl Capital Trading Up 0.6 %

OBDC traded up $0.09 on Monday, hitting $14.87. The company had a trading volume of 1,892,548 shares, compared to its average volume of 1,953,065. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The business's fifty day simple moving average is $14.89 and its 200 day simple moving average is $15.39. The company has a market cap of $5.80 billion, a PE ratio of 9.18 and a beta of 0.86.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently made changes to their positions in the business. Atomi Financial Group Inc. lifted its stake in Blue Owl Capital by 5.5% in the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock worth $215,000 after acquiring an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC increased its holdings in Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock valued at $434,000 after buying an additional 745 shares during the last quarter. Intellectus Partners LLC lifted its holdings in Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after buying an additional 809 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after acquiring an additional 881 shares in the last quarter. Finally, Gilbert & Cook Inc. raised its position in shares of Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 2,500 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company's stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.12% of the company's stock.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.96%. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is currently 91.93%.

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.