Blue Owl Capital Corporation (NYSE:OBDC) Receives $13.00 Consensus PT from Brokerages

Blue Owl Capital Corporation (NYSE:OBDC) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.00.

A number of brokerages have recently weighed in on OBDC. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Truist Financial dropped their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.36 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $11.04 and a 200-day moving average of $11.22. The firm has a market cap of $5.60 billion, a P/E ratio of 20.28 and a beta of 0.62. Blue Owl Capital has a 1-year low of $10.52 and a 1-year high of $14.44.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same period last year, the firm earned $0.40 earnings per share. Sell-side analysts expect that Blue Owl Capital will post 1.29 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.9%. Blue Owl Capital’s payout ratio is presently 221.43%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors have recently bought and sold shares of OBDC. IFP Advisors Inc raised its position 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 worth $27,000 after acquiring an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Blue Owl Capital by 166.0% during 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. FNY Investment Advisers LLC boosted its position in shares of Blue Owl Capital by 440.0% during the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $29,000 after purchasing an additional 2,200 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, AG Campbell Advisory LLC purchased a new stake in Blue Owl Capital in the fourth quarter worth $36,000. 42.83% of the stock is owned by institutional investors.

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.