Shares of Blue Owl Capital Corporation (NYSE:OBDC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $13.00.
Several research firms have recently issued reports on OBDC. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Wells Fargo & Company dropped their target price on 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. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research note on Friday, July 24th. Finally, Truist Financial lowered their price target 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.
Blue Owl Capital Stock Down 1.6%
Blue Owl Capital (NYSE:OBDC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same period in the previous year, the firm posted $0.40 EPS. As a group, sell-side analysts anticipate that Blue Owl Capital will post 1.29 earnings per share for the current year.
Blue Owl Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio is presently 221.43%.
Institutional Investors Weigh In On Blue Owl Capital
A number of institutional investors have recently bought and sold shares of OBDC. Goldman Sachs Group Inc. increased its position in Blue Owl Capital by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after purchasing an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at $6,641,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 106.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after purchasing an additional 4,494 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Blue Owl Capital by 133.8% during the 2nd quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock valued at $1,344,000 after buying an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Blue Owl Capital by 24.1% during the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after buying an additional 3,200 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Stories
- Five stocks we like better than Blue Owl Capital
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.
