Blue Owl Capital Corporation (NYSE:OBDC) Receives $14.56 Consensus Target Price from Brokerages

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.5625.

A number of brokerages have recently issued reports on OBDC. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Citizens Jmp dropped their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th.

Insider Activity at Blue Owl Capital

In other news, VP Neena Reddy purchased 7,890 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $13.06 per share, for a total transaction of $103,043.40. Following the transaction, the vice president owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Craig Packer bought 83,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the acquisition, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. This trade represents a -200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after buying an additional 1,320 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Blue Owl Capital during the 3rd quarter worth $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Blue Owl Capital in the 3rd quarter worth about $30,000. Finally, Assetmark Inc. purchased a new position in shares of Blue Owl Capital in the 3rd quarter worth approximately $38,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 1.2%

OBDC stock opened at $12.00 on Friday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 8.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The company has a fifty day moving average price of $12.75 and a two-hundred day moving average price of $13.24. Blue Owl Capital has a one year low of $11.65 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Equities analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 104.96%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.