Blue Owl Capital Corporation (NYSE:OBDC – Get 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
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:OBDC – Get 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
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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