Wells Fargo & Company Has Lowered Expectations for Blue Owl Capital (NYSE:OBDC) Stock Price

Blue Owl Capital (NYSE:OBDC - Free Report) had its price target reduced by Wells Fargo & Company from $15.00 to $14.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued reports about the stock. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.07.

Blue Owl Capital Trading Down 1.2 %

NYSE OBDC traded down $0.17 during trading hours on Monday, reaching $14.02. The company had a trading volume of 1,856,242 shares, compared to its average volume of 2,563,788. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $7.16 billion, a P/E ratio of 9.16 and a beta of 0.73. The stock has a 50-day moving average of $14.37 and a 200 day moving average of $14.85. Blue Owl Capital has a 1-year low of $12.11 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. As a group, research analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's payout ratio is currently 96.73%.

Insider Activity

In other news, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. Atria Wealth Solutions Inc. lifted its stake in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after purchasing an additional 685 shares during the period. Amplius Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock valued at $615,000 after acquiring an additional 702 shares during the period. Golden State Equity Partners grew its holdings in shares of Blue Owl Capital by 1.7% in the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after acquiring an additional 742 shares during the period. Flagship Harbor Advisors LLC increased its stake in Blue Owl Capital by 6.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after purchasing an additional 798 shares in the last quarter. Finally, Channel Wealth LLC raised its holdings in Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock worth $673,000 after purchasing an additional 823 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.