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

Key Points

• Analyst consensus: Ten analysts rate Blue Owl Capital as a "Moderate Buy" (3 hold, 5 buy, 2 strong buy) with an average 1‑year price target of $14.06.
• Shareholder returns: The company declared a $0.37 quarterly dividend (annualized $1.48) implying a 13.7% yield but a high payout ratio of 119.35%, and the board authorized a $300 million buyback covering up to 5.1% of shares.
• Recent performance: Shares opened at $10.78 (1‑year range $10.52–$15.19); quarterly EPS of $0.36 beat estimates by $0.01 while revenue missed consensus, and institutional investors own about 42.8% of the stock.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have earned an average rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.0625.

A number of equities analysts have weighed in on OBDC shares. Zacks Research raised shares of Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. Royal Bank Of Canada cut their price target on shares of Blue Owl Capital from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, February 20th. Truist Financial cut their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Wall Street Zen raised shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. Finally, Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $13.50 to $12.50 and set a "market perform" rating on the stock in a research note on Monday, February 23rd.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc grew its stake in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company's stock worth $27,000 after buying an additional 929 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in 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 worth $27,000 after buying an additional 1,320 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Blue Owl Capital during the third quarter worth approximately $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital during the third quarter worth approximately $30,000. Finally, AG Campbell Advisory LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth approximately $36,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $10.78 on Friday. Blue Owl Capital has a 1-year low of $10.52 and a 1-year high of $15.19. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $12.23. The firm has a market cap of $5.35 billion, a PE ratio of 8.69 and a beta of 0.65.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The company had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. On average, equities analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 13.7%. Blue Owl Capital's dividend payout ratio (DPR) is currently 119.35%.

Blue Owl Capital declared that its board has authorized a share buyback program on Wednesday, February 18th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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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