Analysts Set Blue Owl Capital Corporation (NYSE:OBDC) PT at $14.06
by Scott Moore · The Cerbat GemBlue Owl Capital Corporation (NYSE:OBDC – Get Free Report) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.7857.
OBDC has been the topic of several analyst reports. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Truist Financial cut their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Keefe, Bruyette & Woods reduced their price target on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada reduced their price target on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th.
Get Our Latest Stock Report on Blue Owl Capital
Blue Owl Capital Price Performance
Blue Owl Capital stock opened at $10.90 on Friday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 8.79 and a beta of 0.65. The firm’s fifty day moving average is $11.31 and its 200 day moving average is $12.20. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. Blue Owl Capital has a 52-week low of $10.52 and a 52-week high of $15.19.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. Sell-side analysts forecast that Blue Owl Capital will post 1.71 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 119.35%.
Blue Owl Capital declared that its board has approved a stock buyback program on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after buying an additional 929 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after buying an additional 1,320 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Blue Owl Capital in the 3rd quarter worth about $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital in the 3rd quarter worth about $30,000. Finally, AG Campbell Advisory LLC purchased a new position in Blue Owl Capital in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.
About Blue Owl Capital
Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.
The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.