Analysts Set Blue Owl Capital Co. (NYSE:OBDC) Price Target at $16.19

Blue Owl Capital Co. (NYSE:OBDC) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.19.

Several research analysts recently weighed in on the company. Truist Financial upped their price target on Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Hovde Group upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Royal Bank of Canada upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 23rd.

Blue Owl Capital Trading Up 0.8 %

Shares of NYSE OBDC opened at $15.49 on Wednesday. Blue Owl Capital has a 12 month low of $12.99 and a 12 month high of $16.91. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 7.82 and a beta of 0.87. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $15.55.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Sell-side analysts predict that Blue Owl Capital will post 1.88 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $0.05 dividend. This represents a yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s payout ratio is currently 74.75%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OBDC. Atomi Financial Group Inc. boosted its stake in shares of Blue Owl Capital by 5.5% during the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after acquiring an additional 733 shares in the last quarter. Strategies Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital by 2.8% during the 1st quarter. Strategies Wealth Advisors LLC now owns 27,520 shares of the company’s stock worth $423,000 after acquiring an additional 762 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock worth $1,901,000 after acquiring an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock worth $679,000 after acquiring an additional 881 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Blue Owl Capital by 3.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after acquiring an additional 910 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

About Blue Owl Capital

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.