Blue Owl Capital Corporation (NYSE:OBDC) Receives $13.00 Consensus Target Price from Brokerages

Blue Owl Capital Corporation (NYSE:OBDCGet Free Report) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $13.00.

OBDC has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Truist Financial dropped their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th.

View Our Latest Analysis on Blue Owl Capital

Institutional Trading of Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. Strs Ohio increased its holdings in shares of Blue Owl Capital by 411.4% during the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after acquiring an additional 8,802,373 shares during the last quarter. Lalia Capital LLC acquired a new stake in Blue Owl Capital in the 4th quarter worth approximately $37,991,000. UBS Group AG lifted its holdings in Blue Owl Capital by 40.6% in the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after purchasing an additional 2,463,080 shares during the last quarter. Private Management Group Inc. acquired a new stake in Blue Owl Capital in the 4th quarter worth approximately $27,012,000. Finally, Wells Fargo & Company MN boosted its position in Blue Owl Capital by 142.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after purchasing an additional 2,022,806 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.6%

OBDC opened at $10.94 on Friday. Blue Owl Capital has a fifty-two week low of $10.52 and a fifty-two week high of $15.01. The business has a 50-day moving average of $11.01 and a 200-day moving average of $11.40. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $5.43 billion, a PE ratio of 15.62 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDCGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Equities research analysts forecast that Blue Owl Capital will post 1.27 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

Blue Owl Capital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Blue Owl Capital (NYSE:OBDC)

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