Blue Owl Capital (NYSE:OBDC) Sets New 52-Week High at $15.83

Blue Owl Capital Co. (NYSE:OBDC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.83 and last traded at $15.80, with a volume of 393787 shares trading hands. The stock had previously closed at $15.74.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price on the stock. in a research report on Monday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Hold” and a consensus target price of $15.50.

Blue Owl Capital Stock Up 0.3 %

The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 7.76 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a 50-day moving average of $15.28 and a 200-day moving average of $14.79.

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

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s payout ratio is presently 68.97%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OBDC. First Affirmative Financial Network acquired a new stake in Blue Owl Capital during the 4th quarter worth about $235,000. Wedmont Private Capital acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $311,000. Dfpg Investments LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $2,333,000. Sound Income Strategies LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $36,311,000. Finally, Cornerstone Wealth Management LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $636,000. 42.83% of the stock is owned by institutional investors.

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.