Q2 2024 EPS Estimates for Blue Owl Capital Co. (NYSE:OBDC) Cut by Zacks Research

Blue Owl Capital Co. (NYSE:OBDC) – Equities researchers at Zacks Research reduced their Q2 2024 earnings per share estimates for Blue Owl Capital in a note issued to investors on Tuesday, May 21st. Zacks Research analyst K. Dey now anticipates that the company will earn $0.47 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.88 per share. Zacks Research also issued estimates for Blue Owl Capital’s FY2024 earnings at $1.88 EPS, Q2 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.77 EPS, Q1 2026 earnings at $0.43 EPS and FY2026 earnings at $1.74 EPS.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada increased their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. JMP Securities restated a “market outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Truist Financial upped their price target on Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Hovde Group upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $16.44 on Thursday. The business’s 50-day moving average price is $15.78 and its 200 day moving average price is $15.18. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.64. The company has a market capitalization of $6.41 billion, a PE ratio of 8.30 and a beta of 0.88. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. The business had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.37 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.00%. Blue Owl Capital’s dividend payout ratio (DPR) is 70.71%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $795,000. abrdn plc acquired a new position in shares of Blue Owl Capital in the 4th quarter worth $1,965,000. Koshinski Asset Management Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter worth $1,170,000. Atria Wealth Solutions Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter worth $1,074,000. Finally, Tectonic Advisors LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter worth $5,417,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Company Profile

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.