Blue Owl Capital Corporation (NYSE:OBDC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate Blue Owl Capital “Moderate Buy” overall: Four analysts recommend buying, one recommends a strong buy, and three advise holding. The average 12-month price target is $13.00.
• Blue Owl Capital reported quarterly EPS of $0.34, exceeding the $0.32 consensus estimate, while revenue of $396 million also topped expectations.
• The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a yield of approximately 10.9%.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have earned an average rating of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.00.

OBDC has been the topic of several recent analyst reports. Truist Financial cut their price target on Blue Owl Capital from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Wall Street Zen upgraded Blue Owl Capital from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research report on Friday, July 24th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.42 on Monday. Blue Owl Capital has a 12-month low of $10.52 and a 12-month high of $14.44. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 20.39 and a beta of 0.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm's fifty day moving average price is $11.15 and its 200 day moving average price is $11.20.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital's dividend payout ratio is 14.29%.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of Blue Owl Capital by 987.0% during the second quarter. California State Teachers Retirement System now owns 178,765,063 shares of the company's stock worth $1,943,176,000 after purchasing an additional 162,319,335 shares during the last quarter. Bank of America Corp DE increased its holdings in Blue Owl Capital by 6.5% in the third quarter. Bank of America Corp DE now owns 13,275,411 shares of the company's stock valued at $169,527,000 after buying an additional 811,973 shares during the last quarter. Strs Ohio raised its stake in Blue Owl Capital by 411.4% during the first quarter. Strs Ohio now owns 10,941,976 shares of the company's stock valued at $121,018,000 after buying an additional 8,802,373 shares in the last quarter. UBS Group AG raised its stake in Blue Owl Capital by 12.7% during the third quarter. UBS Group AG now owns 6,065,592 shares of the company's stock valued at $77,458,000 after buying an additional 681,444 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Blue Owl Capital by 13.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company's stock worth $69,005,000 after buying an additional 659,025 shares during the last quarter. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Company Profile

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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