Blue Owl Capital (NYSE:OBDC) Hits New 1-Year Low – Time to Sell?

Blue Owl Capital Corporation (NYSE:OBDC)’s stock price reached a new 52-week low on Thursday . The company traded as low as $11.90 and last traded at $11.9450, with a volume of 2618095 shares changing hands. The stock had previously closed at $12.10.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Citizens Jmp cut their price target on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Finally, Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $14.81.

Blue Owl Capital Price Performance

The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day moving average of $12.99 and a 200-day moving average of $13.92. The firm has a market cap of $6.07 billion, a P/E ratio of 8.43 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. On average, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in the business. BlueStem Wealth Partners LLC increased its holdings in shares of Blue Owl Capital by 2.5% in the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company’s stock worth $480,000 after purchasing an additional 784 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 3.0% in the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after purchasing an additional 876 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Blue Owl Capital by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock valued at $455,000 after acquiring an additional 905 shares during the period. NorthRock Partners LLC increased its stake in shares of Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after buying an additional 975 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of Blue Owl Capital by 2.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock worth $548,000 after purchasing an additional 996 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

About Blue Owl Capital

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.