FY2024 Earnings Forecast for OBDC Issued By Zacks Research

Blue Owl Capital Co. (NYSE:OBDC) – Equities research analysts at Zacks Research cut their FY2024 earnings per share estimates for shares of Blue Owl Capital in a research report issued to clients and investors on Tuesday, October 22nd. Zacks Research analyst K. Dey now anticipates that the company will post earnings of $1.91 per share for the year, down from their previous forecast of $1.92. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.91 per share. Zacks Research also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.47 EPS, Q2 2025 earnings at $0.42 EPS, FY2025 earnings at $1.71 EPS, Q1 2026 earnings at $0.43 EPS and Q2 2026 earnings at $0.42 EPS.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate 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 business had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million.

A number of other research analysts have also issued reports on the company. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial lowered their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $15.19 on Friday. Blue Owl Capital has a 52 week low of $12.99 and a 52 week high of $16.91. The firm has a 50 day moving average of $14.86 and a two-hundred day moving average of $15.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.93 billion, a PE ratio of 8.49 and a beta of 0.87.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. Welch Group LLC purchased a new position in shares of Blue Owl Capital during the third quarter worth approximately $254,000. Wealth Enhancement Advisory Services LLC grew its position in Blue Owl Capital by 35.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock worth $570,000 after purchasing an additional 10,298 shares during the last quarter. Arkadios Wealth Advisors increased its stake in Blue Owl Capital by 17.8% in the third quarter. Arkadios Wealth Advisors now owns 27,755 shares of the company’s stock valued at $404,000 after purchasing an additional 4,200 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Blue Owl Capital by 21.5% in the third quarter. Tectonic Advisors LLC now owns 528,492 shares of the company’s stock valued at $7,700,000 after buying an additional 93,478 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Blue Owl Capital by 8.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 235,890 shares of the company’s stock worth $3,437,000 after buying an additional 19,177 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. Blue Owl Capital’s dividend payout ratio is presently 82.68%.

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.