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

Blue Owl Capital Corporation (NYSE:OBDC) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $14.5625.

OBDC has been the subject of several research reports. Citizens Jmp reduced their price target on shares of 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. Wells Fargo & Company reduced 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 report on Friday, November 7th. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st.

Insider Transactions at Blue Owl Capital

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

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after acquiring an additional 929 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after purchasing an additional 1,320 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Blue Owl Capital in the 3rd quarter worth approximately $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital during the 3rd quarter valued at approximately $30,000. Finally, Assetmark Inc. purchased a new stake in Blue Owl Capital during the 3rd quarter valued at approximately $38,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.7%

Shares of Blue Owl Capital stock opened at $12.16 on Friday. Blue Owl Capital has a twelve month low of $11.65 and a twelve month high of $15.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. The company’s 50 day moving average is $12.76 and its 200 day moving average is $13.27. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 8.62 and a beta of 0.67.

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

Blue Owl Capital Announces Dividend

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

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.