Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $16.07.

Several brokerages have recently weighed in on OBDC. Wells Fargo & Company reduced their price target on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a “buy” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd.

Blue Owl Capital Stock Down 1.0 %

Shares of OBDC opened at $14.19 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a 52-week low of $12.11 and a 52-week high of $16.91. The company has a market cap of $7.25 billion, a PE ratio of 9.27 and a beta of 0.73. The business has a fifty day moving average of $14.40 and a 200 day moving average of $14.86.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

Insiders Place Their Bets

In related news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. Fifth Third Bancorp boosted its holdings in shares of Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares in the last quarter. Anchor Investment Management LLC lifted its position in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after acquiring an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $48,000. Roxbury Financial LLC acquired a new position in shares of Blue Owl Capital during the first quarter worth $50,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $49,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.