JMP Securities Reaffirms Market Outperform Rating for Blue Owl Capital (NYSE:OBDC)

JMP Securities reissued their market outperform rating on shares of Blue Owl Capital (NYSE:OBDC) in a report published on Tuesday, Benzinga reports. They currently have a $16.00 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the company an underweight rating in a report on Monday, January 29th. B. Riley cut Blue Owl Capital from a buy rating to a neutral rating and set a $15.50 price objective for the company. in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $15.50.

Blue Owl Capital Stock Performance

OBDC opened at $15.38 on Tuesday. The business has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $14.56. The company has a market capitalization of $5.99 billion, a PE ratio of 7.58 and a beta of 0.91. Blue Owl Capital has a 1 year low of $12.20 and a 1 year high of $15.55. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. Research analysts expect that Blue Owl Capital will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 68.97%.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OBDC. First Affirmative Financial Network bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $235,000. Wedmont Private Capital bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $311,000. Dfpg Investments LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $2,333,000. Sound Income Strategies LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $636,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.