Blue Owl Capital Corporation (NYSE:OBDC) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Blue Owl Capital, with four buy ratings, one strong-buy rating and three holds. The average 12-month price target is $13.00, versus a recent share price of $11.65.
• Blue Owl Capital exceeded quarterly expectations, reporting adjusted earnings of $0.34 per share against a $0.32 consensus estimate and revenue of $396 million. Analysts forecast full-year EPS of approximately $1.29.
• The company declared a quarterly dividend of $0.31, equivalent to an annualized payout of $1.24 and a 10.6% dividend yield; however, its payout ratio is elevated at 221.43%.

Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.00.

Several brokerages have issued reports on OBDC. Wall Street Zen raised shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial reduced their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an "equal weight" rating for the company in a report on Friday, May 8th. Lucid Cap Mkts raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $12.50 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, April 16th.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently bought and sold shares of OBDC. IFP Advisors Inc lifted its stake in Blue Owl Capital by 79.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company's stock valued at $27,000 after acquiring an additional 929 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company's stock valued at $27,000 after purchasing an additional 1,320 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Blue Owl Capital by 440.0% during the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company's stock valued at $29,000 after purchasing an additional 2,200 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, AG Campbell Advisory LLC bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $36,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.3%

NYSE:OBDC opened at $11.65 on Thursday. The company has a market capitalization of $5.75 billion, a PE ratio of 20.80 and a beta of 0.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. Blue Owl Capital has a 1-year low of $10.52 and a 1-year high of $14.44. The firm's 50-day moving average price is $11.00 and its 200-day moving average price is $11.24.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.The firm had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same period last year, the company earned $0.40 earnings per share. On average, equities analysts predict that Blue Owl Capital will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 10.6%. Blue Owl Capital's payout ratio is currently 221.43%.

About Blue Owl Capital

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.

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