Blue Owl Capital (NYSE:OBDC) Reaches New 52-Week High at $15.83

Blue Owl Capital Co. (NYSE:OBDC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.83 and last traded at $15.80, with a volume of 393787 shares traded. The stock had previously closed at $15.74.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OBDC shares. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. Finally, B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective for the company. in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Trading Up 0.4 %

The company has a market capitalization of $6.16 billion, a P/E ratio of 7.80 and a beta of 0.91. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm’s 50-day moving average price is $15.26 and its 200 day moving average price is $14.78.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. As a group, equities research analysts predict that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 3,000 shares of Blue Owl Capital stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Several large investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund E purchased a new position in Blue Owl Capital in the 4th quarter valued at approximately $335,810,000. Regents of The University of California bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $258,421,000. Van ECK Associates Corp purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $100,726,000. Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $56,354,000. Finally, LSV Asset Management purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $51,197,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.