Blue Owl Capital Co. Plans Dividend of $0.05 (NYSE:OBDC)

Blue Owl Capital Co. (NYSE:OBDCGet Free Report) declared a dividend on Thursday, May 30th, investing.com reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.05 per share on Friday, June 14th. This represents a dividend yield of 10%. The ex-dividend date of this dividend is Friday, May 31st.

Blue Owl Capital has a payout ratio of 83.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Blue Owl Capital to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 83.6%.

Blue Owl Capital Stock Up 0.1 %

OBDC traded up $0.01 during trading on Thursday, hitting $16.65. The stock had a trading volume of 1,468,664 shares, compared to its average volume of 1,988,044. The company has a market capitalization of $6.49 billion, a PE ratio of 8.41 and a beta of 0.88. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.70. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a 50 day simple moving average of $15.89 and a two-hundred day simple moving average of $15.26.

Blue Owl Capital (NYSE:OBDCGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $399.58 million during the quarter, compared to analyst estimates of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. On average, research analysts predict that Blue Owl Capital will post 1.88 earnings per share for the current year.

Insider Activity at Blue Owl Capital

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

Analysts Set New Price Targets

OBDC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Keefe, Bruyette & Woods restated 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. JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Truist Financial boosted their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Hovde Group increased their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

View Our Latest Stock Report on Blue Owl Capital

Blue Owl Capital Company Profile

(Get Free Report)

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.

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Dividend History for Blue Owl Capital (NYSE:OBDC)

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