Brokerages Set Blue Owl Capital Co. (NYSE:OBDC) Target Price at $15.94

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.94.

Several equities analysts have recently weighed in on OBDC shares. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Finally, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th.

Insider Activity

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in OBDC. Goldman Sachs Group Inc. acquired a new stake in Blue Owl Capital in the 4th quarter valued at approximately $16,207,000. Corient Private Wealth LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $14,919,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Blue Owl Capital during the first quarter worth $1,311,000. Epiq Partners LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at $4,123,000. Finally, UBS Group AG purchased a new position in Blue Owl Capital in the fourth quarter valued at $8,978,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

OBDC opened at $14.79 on Thursday. The firm’s fifty day simple moving average is $14.99 and its two-hundred day simple moving average is $15.51. Blue Owl Capital has a 52-week low of $12.99 and a 52-week high of $16.91. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 7.47 and a beta of 0.87. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Equities analysts anticipate that Blue Owl Capital will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. Blue Owl Capital’s dividend payout ratio is 74.75%.

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.