Blue Owl Capital (NYSE:OBDC) Reaches New 1-Year High at $16.39

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.39 and last traded at $16.34, with a volume of 72565 shares. The stock had previously closed at $16.33.

Analysts Set New Price Targets

OBDC has been the topic of several analyst reports. Wells Fargo & Company increased their target price on Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research report on Monday, January 29th. JMP Securities restated a "market outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Finally, B. Riley lowered Blue Owl Capital from a "buy" rating to a "neutral" rating and set a $15.50 price objective for the company. in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.50.

Blue Owl Capital Price Performance

The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. The business has a 50-day simple moving average of $15.46 and a two-hundred day simple moving average of $14.95. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The company had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. As a group, research analysts predict that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.96%. Blue Owl Capital's dividend payout ratio (DPR) is 68.97%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio bought 3,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Heritage Wealth Advisors acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at $38,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $41,000. Spire Wealth Management acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $45,000. Finally, Retirement Group LLC raised its holdings in shares of Blue Owl Capital by 216.8% during the first quarter. Retirement Group LLC now owns 3,105 shares of the company's stock worth $48,000 after acquiring an additional 2,125 shares in the last quarter. Hedge funds and other institutional investors 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.