Blue Owl Capital Co. (NYSE:OBDC) Given Average Rating of “Moderate Buy” by Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.08.

A number of research analysts have issued reports on OBDC shares. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OBDC. Cresset Asset Management LLC lifted its stake in Blue Owl Capital by 8,188.9% in the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock valued at $68,762,000 after buying an additional 4,385,987 shares during the period. Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $34,103,000. Raymond James Financial Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $28,434,000. Boston Partners lifted its stake in Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company’s stock valued at $24,823,000 after buying an additional 714,940 shares during the period. Finally, Enstar Group LTD acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $10,139,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.37 on Thursday. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The business’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $15.03. The stock has a market cap of $7.34 billion, a PE ratio of 9.39 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. As a group, analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

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.