Blue Owl Capital Corporation (NYSE:OBDC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.00.

OBDC has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Keefe, Bruyette & Woods decreased their target price on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Finally, Truist Financial decreased their target price on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th.

Blue Owl Capital Price Performance

NYSE OBDC opened at $10.80 on Wednesday. Blue Owl Capital has a 12 month low of $10.52 and a 12 month high of $15.19. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 15.43 and a beta of 0.62. The company’s 50 day moving average is $11.24 and its two-hundred day moving average is $11.69. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $391.00 million for the quarter, compared to the consensus estimate of $422.02 million. As a group, research analysts anticipate that Blue Owl Capital will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 211.43%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of OBDC. Strs Ohio raised its position in shares of Blue Owl Capital by 411.4% during the first quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after buying an additional 8,802,373 shares during the last quarter. Lalia Capital LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $37,991,000. UBS Group AG raised its position in shares of Blue Owl Capital by 40.6% during the fourth quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock valued at $106,011,000 after buying an additional 2,463,080 shares during the last quarter. Private Management Group Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $27,012,000. Finally, Wells Fargo & Company MN raised its position in shares of Blue Owl Capital by 142.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock valued at $42,771,000 after buying an additional 2,022,806 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.