Analysts Set Blue Owl Capital Corporation (NYSE:OBDC) PT at $15.42

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.4167.

Separately, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital in the 1st quarter worth $28,000. First Horizon Advisors Inc. purchased a new position in shares of Blue Owl Capital during the second quarter valued at $40,000. Private Trust Co. NA raised its holdings in shares of Blue Owl Capital by 86.6% in the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after acquiring an additional 1,449 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter worth about $49,000. Finally, Roxbury Financial LLC purchased a new stake in Blue Owl Capital in the first quarter worth about $50,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 1.0%

Shares of NYSE OBDC opened at $13.24 on Monday. Blue Owl Capital has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 8.77 and a beta of 0.76. The business’s 50 day moving average price is $14.17 and its 200-day moving average price is $14.29.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. On average, sell-side analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.02 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio is presently 98.01%.

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.