Blue Owl Capital’s (OBDC) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of Blue Owl Capital (NYSE:OBDC) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a $16.00 price target on the stock.

OBDC has been the topic of several other reports. Wells Fargo & Company boosted their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company an underweight rating in a research note on Monday, January 29th. Royal Bank of Canada upped their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an outperform rating in a report on Friday, May 17th. JMP Securities reiterated a market outperform rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Hovde Group boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an outperform rating in a research report on Friday, May 10th. Finally, Truist Financial raised their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a buy rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Blue Owl Capital currently has an average rating of Moderate Buy and a consensus price target of $16.19.

Blue Owl Capital Trading Up 1.0 %

Shares of Blue Owl Capital stock opened at $16.60 on Thursday. The firm has a market cap of $6.47 billion, a PE ratio of 8.38 and a beta of 0.88. Blue Owl Capital has a 1 year low of $12.99 and a 1 year high of $16.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a fifty day moving average price of $15.81 and a 200-day moving average price of $15.21.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Equities research analysts anticipate that Blue Owl Capital will post 1.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.35. Blue Owl Capital’s dividend payout ratio is 70.71%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now owns 6,217 shares in the company, valued at approximately $93,690.19. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OBDC. State of New Jersey Common Pension Fund E purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $335,810,000. Regents of The University of California bought a new stake in shares of Blue Owl Capital during the 4th quarter worth $258,421,000. Van ECK Associates Corp bought a new position in Blue Owl Capital in the fourth quarter valued at $100,726,000. Transcend Capital Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter valued at $56,354,000. Finally, LSV Asset Management purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $51,197,000. 42.83% of the stock is currently owned by institutional investors.

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.