Blue Owl Capital Co. (NYSE:OBDC) Receives $15.86 Average PT from Analysts

Blue Owl Capital Co. (NYSE:OBDC) has received an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.86.

OBDC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after buying an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC increased its holdings in shares of Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after acquiring an additional 103,123 shares during the period. First National Trust Co lifted its position in Blue Owl Capital by 83.9% in the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock valued at $2,062,000 after purchasing an additional 64,558 shares during the last quarter. Van ECK Associates Corp boosted its stake in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the period. Finally, Franklin Resources Inc. grew its position in Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after purchasing an additional 74,959 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.48 on Friday. The firm’s 50-day moving average is $15.12 and its two-hundred day moving average is $15.12. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $6.04 billion, a P/E ratio of 9.61 and a beta of 0.85. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.56%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is 91.93%.

About Blue Owl Capital

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.