Analysts Set Blue Owl Capital Corporation (NYSE:OBDC) Target Price at $15.64

Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) has received an average rating of "Buy" from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $15.64.

OBDC has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Finally, B. Riley began coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.03 during mid-day trading on Friday, hitting $14.47. 1,839,184 shares of the company were exchanged, compared to its average volume of 2,623,310. Blue Owl Capital has a 1-year low of $12.11 and a 1-year high of $15.98. The stock has a market capitalization of $7.39 billion, a PE ratio of 9.33 and a beta of 0.73. The business has a 50 day simple moving average of $14.22 and a 200-day simple moving average of $14.71. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. On average, equities analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio is currently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the purchase, the director now owns 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. lifted its stake in Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after purchasing an additional 685 shares during the last quarter. Golden State Equity Partners increased its holdings in shares of Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after buying an additional 742 shares in the last quarter. BlueStem Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 2.5% in the 1st quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock valued at $480,000 after acquiring an additional 784 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in shares of Blue Owl Capital by 6.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after acquiring an additional 798 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Blue Owl Capital by 2.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock valued at $548,000 after acquiring an additional 996 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.