Blue Owl Capital Corporation (NYSE:OBDC) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Blue Owl Capital Corporation (NYSE:OBDC) has received an average consensus rating of "Buy" from nine analysts, with four recommending a buy and three a strong buy.
• The company recently announced an increase in its quarterly dividend from $0.01 to $0.02, representing an annualized yield of 0.6%.
• In its latest quarterly earnings, Blue Owl reported earnings per share of $0.40, exceeding the consensus estimate of $0.39, with a revenue of $485.84 million.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have been assigned a consensus rating of "Buy" from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $15.2143.

A number of research analysts have weighed in on OBDC shares. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an "outperform" rating in a research note on Tuesday, October 7th.

Blue Owl Capital Trading Down 2.5%

Shares of Blue Owl Capital stock opened at $12.55 on Friday. Blue Owl Capital has a 1 year low of $12.04 and a 1 year high of $15.73. The firm has a market cap of $6.41 billion, a PE ratio of 8.31 and a beta of 0.75. The stock has a fifty day moving average price of $13.65 and a 200-day moving average price of $14.07. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The company 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%. Equities research analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.02 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital's dividend payout ratio is presently 98.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Blue Owl Capital by 196.4% in the third quarter. Farther Finance Advisors LLC now owns 37,278 shares of the company's stock valued at $476,000 after acquiring an additional 24,699 shares during the last quarter. Prairiewood Capital LLC increased its stake in shares of Blue Owl Capital by 16.4% in the third quarter. Prairiewood Capital LLC now owns 374,121 shares of the company's stock worth $4,778,000 after purchasing an additional 52,753 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Blue Owl Capital by 105.4% in the third quarter. Exchange Traded Concepts LLC now owns 60,629 shares of the company's stock worth $774,000 after purchasing an additional 31,114 shares in the last quarter. Spinnaker Investment Group LLC purchased a new position in shares of Blue Owl Capital in the third quarter worth about $182,000. Finally, Sound Income Strategies LLC increased its stake in shares of Blue Owl Capital by 3.0% in the third quarter. Sound Income Strategies LLC now owns 3,392,554 shares of the company's stock worth $41,491,000 after purchasing an additional 98,371 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

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