Blue Owl Capital (NYSE:OBDC) Price Target Lowered to $15.00 at Citizens Jmp

Blue Owl Capital (NYSE:OBDC) had its price objective trimmed by Citizens Jmp from $17.00 to $15.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

OBDC has been the subject of a number of other research reports. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.94.

Blue Owl Capital Trading Up 0.2%

NYSE OBDC traded up $0.03 on Friday, hitting $12.13. 6,286,174 shares of the company were exchanged, compared to its average volume of 5,654,439. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital has a twelve month low of $11.94 and a twelve month high of $15.73. The firm has a market capitalization of $6.20 billion, a P/E ratio of 8.60 and a beta of 0.74. The company’s 50 day moving average price is $13.22 and its 200-day moving average price is $14.00.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $453.07 million during the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a return on equity of 10.76% and a net margin of 36.89%. Analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.2%. Blue Owl Capital’s dividend payout ratio is 104.96%.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Blue Owl Capital in the first quarter valued at about $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $28,000. First Horizon Advisors Inc. bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $40,000. Assetmark Inc. bought a new stake in shares of Blue Owl Capital in the 3rd quarter valued at approximately $38,000. Finally, Private Trust Co. NA increased its holdings in Blue Owl Capital by 86.6% in the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after buying an additional 1,449 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.