Blue Owl Capital Corporation (NYSE:OBDC) Receives $13.00 Consensus PT from Brokerages

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

OBDC has been the subject of a number of research analyst reports. Capital One Financial set a $13.00 price target on Blue Owl Capital in a report on Friday, July 24th. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Truist Financial decreased their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, May 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Blue Owl Capital by 987.0% in the second quarter. California State Teachers Retirement System now owns 178,765,063 shares of the company’s stock valued at $1,943,176,000 after acquiring an additional 162,319,335 shares during the last quarter. Bank of America Corp DE boosted its position in Blue Owl Capital by 6.5% in 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 buying an additional 811,973 shares during the last quarter. Strs Ohio increased its holdings in Blue Owl Capital by 411.4% during the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after purchasing an additional 8,802,373 shares during the last quarter. UBS Group AG boosted its stake in Blue Owl Capital by 12.7% during the 3rd quarter. UBS Group AG now owns 6,065,592 shares of the company’s stock valued at $77,458,000 after acquiring an additional 681,444 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock valued at $69,005,000 after purchasing an additional 659,025 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.2%

Shares of NYSE OBDC opened at $11.14 on Monday. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.90 and a beta of 0.63. The stock has a 50 day moving average price of $11.17 and a 200 day moving average price of $11.19. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $14.31. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $394.23 million. During the same period last year, the firm posted $0.40 EPS. Sell-side analysts expect that Blue Owl Capital will post 1.29 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio is currently 221.43%.

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.