Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Rating of "Buy" from Analysts

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) has been given a consensus recommendation of "Buy" by the ten brokerages that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.64.

A number of equities analysts have commented on OBDC shares. Keefe, Bruyette & Woods dropped their price objective on shares of 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. B. Riley started 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. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Wells Fargo & Company cut their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of the stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, the director now owns 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. raised its holdings in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after buying an additional 685 shares during the last quarter. Golden State Equity Partners increased its position in Blue Owl Capital by 1.7% in the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after acquiring an additional 742 shares during the period. BlueStem Wealth Partners LLC raised its stake in Blue Owl Capital by 2.5% during 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 position in Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after acquiring an additional 798 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake 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 valued at $548,000 after purchasing an additional 996 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $14.59 on Friday. The firm's 50-day moving average price is $14.16 and its 200-day moving average price is $14.72. Blue Owl Capital has a 52-week low of $12.11 and a 52-week high of $15.98. The company has a market cap of $7.45 billion, a PE ratio of 9.53 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. As a group, analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

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

Blue Owl Capital Company Profile

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.

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