Blue Owl Capital Corporation (OBDC) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts maintain a “Moderate Buy” consensus on Blue Owl Capital, with three buys, three holds, and one strong buy. The average 12-month price target is $12.57, compared with the stock’s reported price of $9.95.
• Blue Owl Capital exceeded quarterly expectations, reporting $0.34 in EPS versus the $0.32 consensus estimate and $396 million in revenue versus $394.23 million expected.
• The company paid a quarterly dividend of $0.31, equivalent to an annualized $1.24 payout and a 12.5% yield; however, its dividend payout ratio is high at 221.43%.

Shares of Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.57.

A number of analysts have issued reports on the company. Raymond James Financial set a $11.00 price target on Blue Owl Capital in a report on Thursday. Lucid Cap Mkts upgraded Blue Owl Capital to a "strong-buy" rating in a report on Friday, July 24th. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded Blue Owl Capital from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th.

Blue Owl Capital Price Performance

Shares of OBDC opened at $9.95 on Tuesday. Blue Owl Capital has a twelve month low of $9.81 and a twelve month high of $13.57. The firm's fifty day simple moving average is $10.79 and its 200-day simple moving average is $11.21. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.76 and a beta of 0.64. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $396.00 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.40 earnings per share. Equities analysts forecast that Blue Owl Capital will post 1.30 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 12.5%. The ex-dividend date was Wednesday, September 30th. Blue Owl Capital's dividend payout ratio is currently 221.43%.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OBDC. Oppenheimer & Co. Inc. grew its position in shares of Blue Owl Capital by 19.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 462,066 shares of the company's stock valued at $4,847,000 after buying an additional 74,888 shares during the last quarter. Park Avenue Securities LLC lifted its position in Blue Owl Capital by 60.2% in the third quarter. Park Avenue Securities LLC now owns 47,368 shares of the company's stock valued at $497,000 after acquiring an additional 17,793 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in Blue Owl Capital by 7.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 127,771 shares of the company's stock valued at $1,340,000 after acquiring an additional 8,664 shares during the last quarter. Richardson Capital Management LLC purchased a new stake in Blue Owl Capital in the third quarter valued at $197,000. Finally, Wedbush Securities Inc. boosted its stake in Blue Owl Capital by 5.0% in the third quarter. Wedbush Securities Inc. now owns 105,473 shares of the company's stock valued at $1,106,000 after acquiring an additional 5,022 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

About Blue Owl Capital

Blue Owl Capital Corporation NYSE: OBDC is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.

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