Blue Owl Capital Corporation (NYSE:OBDC) Receives $15.64 Average Target Price from Analysts

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

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

Blue Owl Capital Trading Up 0.3%

Blue Owl Capital stock traded up $0.04 during mid-day trading on Wednesday, hitting $14.66. The stock had a trading volume of 2,955,017 shares, compared to its average volume of 2,657,569. The stock has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $14.61. The stock has a market capitalization of $7.49 billion, a PE ratio of 8.09 and a beta of 0.72. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $15.87. 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 posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. As a group, sell-side analysts forecast that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

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

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director directly owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC bought a new stake in Blue Owl Capital in the 2nd quarter valued at approximately $734,619,000. Redhawk Wealth Advisors Inc. lifted its stake in Blue Owl Capital by 9.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 68,289 shares of the company's stock valued at $979,000 after acquiring an additional 6,047 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Blue Owl Capital by 17.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,181 shares of the company's stock valued at $910,000 after acquiring an additional 9,204 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Blue Owl Capital by 3.3% in the 2nd quarter. Pallas Capital Advisors LLC now owns 34,566 shares of the company's stock valued at $496,000 after acquiring an additional 1,103 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its stake in Blue Owl Capital by 5.3% in the 2nd quarter. Mirador Capital Partners LP now owns 32,673 shares of the company's stock valued at $469,000 after acquiring an additional 1,649 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

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.