Blue Owl Capital Corporation (NYSE:OBDC) Receives $13.00 Average PT from Analysts

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.00.

Several research analysts have recently issued reports on OBDC shares. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial reduced their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Finally, Wells Fargo & Company reduced their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th.

Blue Owl Capital Trading Up 0.0%

Shares of NYSE:OBDC opened at $10.83 on Wednesday. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $15.19. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 15.46 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $11.20 and a 200-day moving average price of $11.63.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $391.00 million during the quarter, compared to analysts’ expectations of $422.02 million. Equities analysts predict that Blue Owl Capital will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.5%. The ex-dividend date is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 211.43%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after acquiring an additional 1,320 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. AG Campbell Advisory LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $36,000. Finally, Assetmark Inc. purchased a new position in Blue Owl Capital during the third quarter valued at approximately $38,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.