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

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $14.5625.

A number of analysts recently commented on the company. Citizens Jmp dropped their price objective on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th.

Blue Owl Capital Trading Down 0.9%

Shares of Blue Owl Capital stock opened at $12.50 on Friday. The business has a 50 day moving average price of $12.74 and a 200 day moving average price of $13.33. The company has a market capitalization of $6.39 billion, a P/E ratio of 8.86 and a beta of 0.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. Blue Owl Capital has a 1 year low of $11.65 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The company had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. Sell-side analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 11.8%. Blue Owl Capital’s dividend payout ratio (DPR) is 104.96%.

Insiders Place Their Bets

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $13.06 per share, with a total value of $103,043.40. Following the purchase, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Craig Packer purchased 83,200 shares of the stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer directly owned 41,600 shares in the company, valued at $488,800. This trade represents a -200.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds have recently modified their holdings of OBDC. State of New Jersey Common Pension Fund A purchased a new stake in Blue Owl Capital in the second quarter valued at approximately $218,884,000. Balyasny Asset Management L.P. purchased a new position in Blue Owl Capital during the third quarter worth approximately $25,266,000. Marshall Wace LLP acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $17,818,000. Caz Investments LP purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $14,357,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth $15,212,000. 42.83% of the stock is owned by institutional investors and hedge funds.

About Blue Owl Capital

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.