Blue Owl Capital Corporation (NYSE:OBDC) Given Average Rating of "Buy" by Brokerages

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

Several brokerages have commented on OBDC. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Wells Fargo & Company lowered their target price on shares of 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, B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.44 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 9.32 and a beta of 0.72. The firm has a 50 day simple moving average of $14.43 and a 200-day simple moving average of $14.62. Blue Owl Capital has a 1-year low of $12.11 and a 1-year high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its 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). Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. The company had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. On average, analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.01 dividend. 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 is presently 95.48%.

Insider Buying and Selling at Blue Owl Capital

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

Hedge Funds Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Adams Asset Advisors LLC grew its stake in Blue Owl Capital by 44.4% during the second quarter. Adams Asset Advisors LLC now owns 100,430 shares of the company's stock worth $1,440,000 after buying an additional 30,875 shares during the period. Trinity Financial Advisors LLC boosted its stake in Blue Owl Capital by 2.3% during the 2nd quarter. Trinity Financial Advisors LLC now owns 1,150,853 shares of the company's stock valued at $16,929,000 after acquiring an additional 25,377 shares during the last quarter. Hamilton Lane Advisors LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at $48,845,000. Confluence Investment Management LLC boosted its stake in Blue Owl Capital by 2.2% during the 2nd quarter. Confluence Investment Management LLC now owns 311,648 shares of the company's stock valued at $4,469,000 after acquiring an additional 6,802 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Blue Owl Capital during the first quarter worth $28,848,000. Institutional investors and hedge funds own 42.83% of the company's stock.

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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