Blue Owl Capital Co. (NYSE:OBDC) Receives $16.19 Average PT from Brokerages

Shares of Blue Owl Capital Co. (NYSE:OBDCGet Free Report) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.19.

A number of research analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 23rd. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. 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. Truist Financial raised their price objective on Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Royal Bank of Canada increased their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th.

Get Our Latest Report on OBDC

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Heritage Wealth Advisors bought a new stake in Blue Owl Capital in the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $38,000. Headlands Technologies LLC bought a new position in Blue Owl Capital during the first quarter valued at approximately $40,000. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $41,000. Finally, Spire Wealth Management purchased a new position in Blue Owl Capital during the 4th quarter valued at approximately $45,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

OBDC opened at $16.40 on Tuesday. 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’s 50 day simple moving average is $16.01 and its 200 day simple moving average is $15.34. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 8.28 and a beta of 0.89. Blue Owl Capital has a 1 year low of $12.99 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDCGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. As a group, analysts predict that Blue Owl Capital will post 1.88 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 10%. Blue Owl Capital’s payout ratio is currently 74.75%.

Blue Owl Capital Company Profile

(Get Free Report

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.

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Analyst Recommendations for Blue Owl Capital (NYSE:OBDC)

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