Brokerages Set Blue Owl Capital Corporation (NYSE:OBDC) Target Price at $15.42

Key Points

• Blue Owl Capital (NYSE: OBDC) has received a consensus rating of "Buy" from analysts, with a 1-year price target averaging $15.42.
• Institutional investors now hold 42.83% of Blue Owl Capital's stock, with significant investments from firms like Kingstone Capital Partners and Oregon Public Employees Retirement Fund.
• The company recently announced a dividend increase to $0.02, reflecting a high dividend yield of 1,139.0%, with a payout ratio of 98.01%.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have earned an average recommendation of "Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.4167.

OBDC has been the topic of several recent analyst reports. B. Riley initiated 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th.

Blue Owl Capital Price Performance

OBDC traded down $0.10 during midday trading on Thursday, hitting $14.25. 3,064,638 shares of the company traded hands, compared to its average volume of 2,389,106. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 9.43 and a beta of 0.76. Blue Owl Capital has a 52-week low of $12.11 and a 52-week high of $15.73. The business has a 50 day simple moving average of $14.44 and a two-hundred day simple moving average of $14.45.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. On average, equities analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio (DPR) is currently 98.01%.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OBDC. First Trust Advisors LP boosted its position in Blue Owl Capital by 3.4% during the fourth quarter. First Trust Advisors LP now owns 129,785 shares of the company's stock worth $1,962,000 after acquiring an additional 4,313 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Blue Owl Capital by 14.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 19,295 shares of the company's stock worth $292,000 after acquiring an additional 2,395 shares during the last quarter. Two Sigma Securities LLC boosted its position in Blue Owl Capital by 22.7% during the fourth quarter. Two Sigma Securities LLC now owns 12,907 shares of the company's stock worth $195,000 after acquiring an additional 2,387 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its position in Blue Owl Capital by 22.7% during the fourth quarter. Aquatic Capital Management LLC now owns 77,432 shares of the company's stock worth $1,171,000 after acquiring an additional 14,332 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.