Blue Owl Capital (NYSE:OBDC) Reaches New 52-Week High at $16.39

Blue Owl Capital Co. (NYSE:OBDC)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.39 and last traded at $16.34, with a volume of 72565 shares trading hands. The stock had previously closed at $16.33.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Trading Down 0.9 %

The company has a market cap of $6.30 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. The business’s fifty day moving average price is $15.49 and its 200 day moving average price is $14.96. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Research analysts anticipate that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 1.98%. Blue Owl Capital’s payout ratio is 68.97%.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the acquisition, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OBDC. Heritage Wealth Advisors bought a new stake in shares of Blue Owl Capital during the fourth quarter worth about $32,000. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth about $40,000. Newbridge Financial Services Group Inc. bought a new stake in Blue Owl Capital in the 4th quarter worth about $38,000. GPS Wealth Strategies Group LLC bought a new stake in Blue Owl Capital in the 4th quarter worth about $41,000. Finally, Spire Wealth Management bought a new stake in Blue Owl Capital in the 4th quarter worth about $45,000. 42.83% of the stock is owned by institutional investors.

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.