Blue Owl Capital (NYSE:OBDC) Shares Break Above Fifty Day Moving Average – Time to Sell?

Blue Owl Capital Corporation (NYSE:OBDC)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $10.66 and traded as high as $10.85. Blue Owl Capital shares last traded at $10.7720, with a volume of 3,970,141 shares trading hands.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of research reports. Capital One Financial set a $13.00 target price on Blue Owl Capital in a report on Friday, July 24th. Raymond James Financial set a $11.00 price target on shares of Blue Owl Capital in a report on Thursday, October 22nd. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.57.

Blue Owl Capital Stock Up 2.6%

The firm has a market capitalization of $5.31 billion, a P/E ratio of 19.24 and a beta of 0.66. The business has a 50 day moving average price of $10.66 and a 200 day moving average price of $11.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The business had revenue of $392.06 million during the quarter, compared to analysts’ expectations of $383.82 million. On average, analysts predict that Blue Owl Capital Corporation will post 1.30 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s payout ratio is 221.43%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Csenge Advisory Group boosted its stake in Blue Owl Capital by 8.7% during the third quarter. Csenge Advisory Group now owns 60,397 shares of the company’s stock worth $634,000 after buying an additional 4,841 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in Blue Owl Capital by 6.5% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 124,190 shares of the company’s stock valued at $1,303,000 after buying an additional 7,553 shares during the period. AlphaCore Capital LLC increased its holdings in Blue Owl Capital by 52.6% in the 3rd quarter. AlphaCore Capital LLC now owns 1,400,280 shares of the company’s stock valued at $15,122,000 after buying an additional 482,656 shares during the period. Private Management Group Inc. raised its stake in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Private Management Group Inc. now owns 4,177,582 shares of the company’s stock valued at $43,823,000 after buying an additional 120,835 shares in the last quarter. Finally, QTR Family Wealth LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $144,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.