Brokerages Set Blue Owl Capital Corporation (NYSE:OBDC) PT at $14.56

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.5625.

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

Blue Owl Capital Stock Down 1.2%

Shares of NYSE OBDC opened at $13.32 on Friday. Blue Owl Capital has a 52-week low of $11.65 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. The business has a fifty day moving average of $12.69 and a two-hundred day moving average of $13.76. The stock has a market cap of $6.80 billion, a PE ratio of 9.44 and a beta of 0.65.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data 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). The firm had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, equities research analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 104.96%.

Insider Transactions at Blue Owl Capital

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

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in Blue Owl Capital in the 1st quarter valued at $28,000. IFP Advisors Inc raised its stake in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Blue Owl Capital during the third quarter worth about $28,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth about $30,000. Institutional investors 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.