Wells Fargo & Company Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OBDC) Stock Price

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

Several other brokerages have also weighed in on OBDC. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective for the company. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.07.

Blue Owl Capital Price Performance

OBDC stock traded up $0.22 during trading on Monday, hitting $14.08. The stock had a trading volume of 2,634,528 shares, compared to its average volume of 2,567,895. Blue Owl Capital has a twelve month low of $12.11 and a twelve month high of $16.91. The company's 50-day moving average price is $14.32 and its two-hundred day moving average price is $14.84. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a market capitalization of $7.20 billion, a P/E ratio of 9.20 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating 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 company had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. As a group, research analysts predict that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OBDC. Fifth Third Bancorp increased its holdings in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital during the 4th quarter worth $48,000. Lazard Asset Management LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $49,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Blue Owl Capital in the 1st quarter worth $50,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Company Profile

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.