Blue Owl Capital Co. (NYSE:OBDC) Receives $15.92 Average PT from Brokerages

Blue Owl Capital Co. (NYSE:OBDC) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.92.

Several equities research analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI boosted its position in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after buying an additional 3,580 shares during the period. Westend Capital Management LLC increased its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. nVerses Capital LLC lifted its position in Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after acquiring an additional 1,600 shares during the period. Finally, Quad Cities Investment Group LLC purchased a new stake in Blue Owl Capital in the third quarter worth about $148,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $14.85 on Wednesday. The company has a 50-day moving average price of $15.12 and a two-hundred day moving average price of $15.03. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.97%. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

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.