What is Zacks Research's Estimate for OBDC FY2024 Earnings?

Blue Owl Capital Co. (NYSE:OBDC - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 earnings per share estimates for Blue Owl Capital in a note issued to investors on Tuesday, November 19th. Zacks Research analyst K. Dey now forecasts that the company will earn $1.88 per share for the year, down from their previous estimate of $1.91. The consensus estimate for Blue Owl Capital's current full-year earnings is $1.90 per share. Zacks Research also issued estimates for Blue Owl Capital's Q4 2024 earnings at $0.46 EPS and Q4 2025 earnings at $0.43 EPS.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price 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. Finally, Raymond James downgraded Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.07.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded up $0.02 during trading on Wednesday, reaching $15.05. The company's stock had a trading volume of 619,553 shares, compared to its average volume of 1,934,670. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91. The business's 50-day moving average price is $14.89 and its 200-day moving average price is $15.34. The firm has a market cap of $5.87 billion, a PE ratio of 9.34 and a beta of 0.86. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC purchased a new position in shares of Blue Owl Capital during the first quarter worth $354,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Blue Owl Capital by 3.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 359,197 shares of the company's stock worth $5,532,000 after buying an additional 12,548 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Blue Owl Capital by 6.0% during the first quarter. Advisors Asset Management Inc. now owns 277,116 shares of the company's stock worth $4,262,000 after purchasing an additional 15,621 shares during the period. Truvestments Capital LLC increased its stake in Blue Owl Capital by 5.0% during the first quarter. Truvestments Capital LLC now owns 180,619 shares of the company's stock worth $2,778,000 after acquiring an additional 8,558 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Blue Owl Capital in the first quarter valued at approximately $1,592,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the purchase, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 38.37 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital Increases Dividend

The company 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. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a yield of 9.83%. Blue Owl Capital's payout ratio is 91.93%.

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.