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

Shares of Blue Owl Capital Co. (NYSE:OBDC) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.07.

Several equities analysts have weighed in on the company. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Wells Fargo & Company increased their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Truist Financial cut their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Finally, Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th.

Blue Owl Capital Trading Down 0.2 %

Shares of OBDC opened at $15.19 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91. The firm has a market capitalization of $5.93 billion, a PE ratio of 9.43 and a beta of 0.86. The stock’s fifty day simple moving average is $14.91 and its 200-day simple moving average is $15.31.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.74%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 91.93%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Boston Partners acquired a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $15,010,000. Icon Wealth Advisors LLC increased its holdings in shares of Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after acquiring an additional 563,800 shares during the last quarter. LSV Asset Management increased its holdings in shares of Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock worth $69,012,000 after acquiring an additional 423,934 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of 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 worth $112,754,000 after acquiring an additional 347,155 shares during the last quarter. Finally, Trinity Financial Advisors LLC increased its holdings in shares of Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after acquiring an additional 215,742 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

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.