FY2024 EPS Estimates for Blue Owl Capital Cut by B. Riley

Blue Owl Capital Co. (NYSE:OBDC) – Investment analysts at B. Riley decreased their FY2024 earnings estimates for Blue Owl Capital in a research note issued to investors on Friday, November 8th. B. Riley analyst B. Rowe now forecasts that the company will earn $1.90 per share for the year, down from their previous forecast of $1.92. The consensus estimate for Blue Owl Capital’s current full-year earnings is $1.90 per share. B. Riley also issued estimates for Blue Owl Capital’s Q4 2024 earnings at $0.47 EPS, Q3 2025 earnings at $0.44 EPS and FY2025 earnings at $1.71 EPS.

OBDC has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $16.07.

Blue Owl Capital Stock Up 0.6 %

Blue Owl Capital stock opened at $14.87 on Monday. The company has a market capitalization of $5.80 billion, a P/E ratio of 9.23 and a beta of 0.86. Blue Owl Capital has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The stock has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $15.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.96%. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

Insider Buying and Selling

In other news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Blue Owl Capital in the second quarter worth $26,000. CWM LLC grew its position in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Blue Owl Capital during the first quarter worth about $40,000. Rothschild Investment LLC bought a new position in Blue Owl Capital in the second quarter worth about $61,000. Finally, Zions Bancorporation N.A. acquired a new position in Blue Owl Capital in the second quarter valued at approximately $61,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.