Blue Owl Capital Co. (NYSE:OBDC) Receives Average Rating of "Moderate Buy" from Brokerages

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) has been given an average rating of "Moderate Buy" by the six analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.75.

OBDC has been the subject of several analyst reports. Hovde Group raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an "outperform" rating in a report on Friday. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an "underweight" rating in a research report on Monday, January 29th. Finally, JMP Securities reissued a "market outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 3,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds have recently bought and sold shares of the company. State of New Jersey Common Pension Fund E acquired a new position in Blue Owl Capital in the fourth quarter valued at $335,810,000. Regents of The University of California acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $258,421,000. Van ECK Associates Corp raised its position in Blue Owl Capital by 19.4% during the first quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company's stock valued at $125,355,000 after buying an additional 1,326,277 shares during the period. LSV Asset Management increased its position in Blue Owl Capital by 17.3% in the 1st quarter. LSV Asset Management now owns 4,069,047 shares of the company's stock worth $62,582,000 after purchasing an additional 600,447 shares during the last quarter. Finally, Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $56,354,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded up $0.39 on Friday, hitting $16.56. 2,293,364 shares of the company traded hands, compared to its average volume of 2,003,521. The company has a market cap of $6.45 billion, a P/E ratio of 7.97 and a beta of 0.88. The firm's 50-day simple moving average is $15.51 and its 200 day simple moving average is $14.97. Blue Owl Capital has a 12-month low of $12.65 and a 12-month high of $16.56. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The company had revenue of $411.23 million for the quarter, compared to analysts' expectations of $397.42 million. Analysts expect that Blue Owl Capital will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.37 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 31st. This represents a $1.48 dividend on an annualized basis and a yield of 8.94%. Blue Owl Capital's dividend payout ratio (DPR) is presently 68.97%.

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.