Blue Owl Capital Corporation (NYSE:OBDC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.00.

Several research firms have issued reports on OBDC. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Truist Financial decreased their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Capital One Financial set a $13.00 price objective on Blue Owl Capital in a research report on Friday, July 24th. Finally, Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $11.10 on Monday. 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 has a 12-month low of $10.52 and a 12-month high of $14.31. The firm has a market capitalization of $5.47 billion, a PE ratio of 19.81 and a beta of 0.63. The firm has a 50-day moving average price of $11.18 and a 200-day moving average price of $11.19.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (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 analyst estimates of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same period last year, the company earned $0.40 EPS. As a group, equities research analysts forecast that Blue Owl Capital will post 1.29 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.2%. Blue Owl Capital’s payout ratio is presently 14.29%.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. IFP Advisors Inc increased its stake in Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Blue Owl Capital by 6.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,878 shares of the company’s stock worth $185,000 after purchasing an additional 964 shares in the last quarter. BlueStem Wealth Partners LLC lifted its position in shares of Blue Owl Capital by 2.8% during the 4th quarter. BlueStem Wealth Partners LLC now owns 35,443 shares of the company’s stock worth $441,000 after buying an additional 978 shares during the last quarter. Sage Investment Counsel LLC lifted its position in shares of Blue Owl Capital by 8.4% during the 1st quarter. Sage Investment Counsel LLC now owns 12,855 shares of the company’s stock worth $142,000 after buying an additional 1,000 shares during the last quarter. Finally, Triumph Capital Management boosted its holdings in shares of Blue Owl Capital by 3.9% in the 2nd quarter. Triumph Capital Management now owns 27,235 shares of the company’s stock valued at $296,000 after buying an additional 1,010 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a business development company that provides financing to privately held, primarily U.S.-based middle-market companies. The company seeks to generate income and long-term capital appreciation by investing in businesses across a range of industries.

OBDC’s portfolio primarily consists of first-lien senior secured loans, with additional investments in second-lien loans and, to a lesser extent, equity interests and other securities. Its financing solutions may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

The company was formerly known as Owl Rock Capital Corporation and operates under an investment management agreement with an affiliate of Blue Owl Capital, a global alternative asset manager.