Blue Owl Capital (NYSE:OBDC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Blue Owl Capital (NYSE:OBDC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on OBDC. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a report on Friday. Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Truist Financial lowered their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company dropped their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Trading Up 1.4%

NYSE:OBDC opened at $10.93 on Friday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 15.61 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 company has a fifty day moving average of $10.99 and a 200 day moving average of $11.36. Blue Owl Capital has a 52 week low of $10.52 and a 52 week high of $14.85.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $422.02 million. On average, research analysts predict that Blue Owl Capital will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.31 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.4%. Blue Owl Capital’s dividend payout ratio is 177.14%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Blue Owl Capital by 6.5% during the 3rd quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock valued at $169,527,000 after purchasing an additional 811,973 shares in the last quarter. Strs Ohio lifted its holdings in Blue Owl Capital by 411.4% in the first quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after buying an additional 8,802,373 shares during the period. UBS Group AG lifted its holdings in Blue Owl Capital by 40.6% in the fourth quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after buying an additional 2,463,080 shares during the period. Ameriprise Financial Inc. lifted its holdings in Blue Owl Capital by 13.7% in the third quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock worth $69,005,000 after buying an additional 659,025 shares during the period. Finally, Sound Income Strategies LLC boosted its position in Blue Owl Capital by 5.2% during the 1st quarter. Sound Income Strategies LLC now owns 3,976,748 shares of the company’s stock valued at $42,790,000 after acquiring an additional 196,847 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

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.