Brokerages Set Blue Owl Capital Corporation (NYSE:OBDC) Target Price at $15.64

Key Points

• Analysts have given Blue Owl Capital Corporation (NYSE:OBDC) an average rating of "Buy", with three hold ratings, four buy ratings, and three strong buy ratings among the ten firms covering the stock.
• The company's average 1-year price target is $15.64, although recent reports have seen target price reductions from various analysts.
• Blue Owl Capital recently declared a dividend of $0.01 per share, resulting in a notable dividend yield of 1,151.0%, despite a high dividend payout ratio of 95.48%.

Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) has received an average rating of "Buy" from the ten research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.64.

A number of equities research analysts have recently issued reports on OBDC shares. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. B. Riley started coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.19 during trading hours on Friday, reaching $14.09. 3,044,300 shares of the company's stock were exchanged, compared to its average volume of 2,762,166. Blue Owl Capital has a 1 year low of $12.11 and a 1 year high of $15.73. The company has a market capitalization of $7.20 billion, a P/E ratio of 7.78 and a beta of 0.74. The business has a fifty day moving average of $14.59 and a two-hundred day moving average of $14.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The business had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. As a group, research analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1,151.0%. Blue Owl Capital's dividend payout ratio is presently 95.48%.

Insider Buying and Selling

In related news, Director Victor Woolridge bought 6,915 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were bought 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 of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $28,000. Anchor Investment Management LLC lifted its position in shares of Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after purchasing an additional 1,500 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company's stock worth $45,000 after purchasing an additional 1,449 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $50,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $49,000. Institutional investors and hedge funds 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.