Wells Fargo & Company Raises Blue Owl Capital (NYSE:OBDC) Price Target to $14.50

Blue Owl Capital (NYSE:OBDC) had its price target upped by Wells Fargo & Company from $14.00 to $14.50 in a report published on Tuesday, Benzinga reports. The firm currently has an underweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Truist Financial decreased their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Finally, Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Blue Owl Capital Stock Down 1.6 %

Shares of NYSE:OBDC opened at $14.80 on Tuesday. Blue Owl Capital has a 12-month low of $13.60 and a 12-month high of $16.91. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 8.27 and a beta of 0.87. The stock has a fifty day simple moving average of $14.92 and a two-hundred day simple moving average of $15.43. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. On average, research analysts anticipate that Blue Owl Capital will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital’s payout ratio is currently 82.68%.

Insider Activity

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently bought and sold shares of the stock. Carmel Capital Partners LLC raised its stake in shares of Blue Owl Capital by 10.6% in the third quarter. Carmel Capital Partners LLC now owns 151,879 shares of the company’s stock worth $2,213,000 after buying an additional 14,603 shares during the period. Dudley Capital Management LLC lifted its holdings in Blue Owl Capital by 6.2% during the third quarter. Dudley Capital Management LLC now owns 64,320 shares of the company’s stock valued at $937,000 after purchasing an additional 3,750 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Blue Owl Capital by 3.7% in the third quarter. Chicago Partners Investment Group LLC now owns 538,511 shares of the company’s stock worth $8,126,000 after purchasing an additional 19,280 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Blue Owl Capital by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock valued at $189,000 after purchasing an additional 3,998 shares during the period. Institutional investors own 42.83% of the company’s stock.

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.