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

Blue Owl Capital Corporation (NYSE:OBDC) has received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.00.

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Truist Financial reduced their price target 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $10.99 on Friday. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $15.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $5.46 billion, a P/E ratio of 15.71 and a beta of 0.62. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $11.44.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The business had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. As a group, sell-side analysts predict that Blue Owl Capital will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.3%. Blue Owl Capital’s dividend payout ratio (DPR) is 177.14%.

Institutional Trading of Blue Owl Capital

A number of large investors have recently modified their holdings of the company. Next Capital Management LLC grew its position in shares of Blue Owl Capital by 407.0% during the 4th quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock worth $2,488,000 after buying an additional 160,221 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Blue Owl Capital by 13.0% in the fourth quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock valued at $12,975,000 after acquiring an additional 119,798 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 11.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock valued at $47,665,000 after acquiring an additional 387,347 shares in the last quarter. Prairiewood Capital LLC lifted its stake in Blue Owl Capital by 26.1% in the fourth quarter. Prairiewood Capital LLC now owns 471,602 shares of the company’s stock worth $5,862,000 after acquiring an additional 97,481 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in Blue Owl Capital by 162.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 241,511 shares of the company’s stock worth $3,002,000 after acquiring an additional 149,609 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.