Blue Owl Capital (NYSE:OBDC) Upgraded to “Hold” 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 report issued on Saturday.

Several other equities research analysts have also commented on the stock. Wells Fargo & Company cut their price target on shares of 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. Capital One Financial set a $13.00 price objective on Blue Owl Capital in a research note on Friday. Keefe, Bruyette & Woods decreased their price objective 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. Finally, Truist Financial lowered their target price on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Trading Up 0.7%

NYSE OBDC opened at $10.78 on Friday. Blue Owl Capital has a 1 year low of $10.52 and a 1 year high of $14.89. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $5.35 billion, a PE ratio of 15.39 and a beta of 0.62. The company has a fifty day moving average of $10.99 and a 200 day moving average of $11.38.

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

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.31 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio raised its position in shares of Blue Owl Capital by 411.4% in the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after purchasing an additional 8,802,373 shares in the last quarter. Lalia Capital LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $37,991,000. UBS Group AG grew its position in shares of Blue Owl Capital by 40.6% during 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 in the last quarter. Private Management Group Inc. bought a new stake in shares of Blue Owl Capital in the fourth quarter worth $27,012,000. Finally, Wells Fargo & Company MN grew its holdings in Blue Owl Capital by 142.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after acquiring an additional 2,022,806 shares in the last quarter. 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.