Blue Owl Capital Corporation (NYSE:OBDC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.5625.

Several equities research analysts recently issued reports on the stock. Citizens Jmp reduced their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Finally, Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th.

Blue Owl Capital Trading Up 1.0%

NYSE:OBDC opened at $12.55 on Wednesday. Blue Owl Capital has a one year low of $11.65 and a one year high of $15.73. The business has a fifty day moving average price of $12.73 and a 200-day moving average price of $13.52. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 8.90 and a beta of 0.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Sell-side analysts forecast 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 will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Wednesday, December 31st. Blue Owl Capital’s payout ratio is presently 104.96%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, CEO Craig Packer purchased 83,200 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Neena Reddy purchased 7,890 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the purchase, the vice president directly owned 7,890 shares in the company, valued at $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hamilton Lane Advisors LLC bought a new position in Blue Owl Capital during the second quarter valued at $48,845,000. Ares Management LLC grew its holdings in Blue Owl Capital by 6.5% during the 2nd quarter. Ares Management LLC now owns 2,487,964 shares of the company’s stock valued at $35,677,000 after purchasing an additional 151,142 shares during the last quarter. Graypoint LLC grew its holdings in Blue Owl Capital by 49.4% during the 2nd quarter. Graypoint LLC now owns 590,048 shares of the company’s stock valued at $8,461,000 after purchasing an additional 194,999 shares during the last quarter. Corient Private Wealth LLC raised its position in Blue Owl Capital by 38.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,733,405 shares of the company’s stock worth $24,957,000 after purchasing an additional 484,327 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Blue Owl Capital in the second quarter worth about $734,619,000. Institutional investors own 42.83% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.