Brokerages Set Blue Owl Capital Co. (NYSE:OBDC) Price Target at $16.07

Blue Owl Capital Co. (NYSE:OBDC) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $16.07.

OBDC has been the subject of several research analyst reports. Truist Financial cut their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $15.15 on Tuesday. The business has a 50-day moving average price of $14.94 and a 200-day moving average price of $15.30. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 9.40 and a beta of 0.86. 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.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.77%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is currently 91.93%.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in the business. National Bank of Canada FI purchased a new stake in Blue Owl Capital during the second quarter worth $26,000. CWM LLC boosted its stake 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 worth $32,000 after acquiring an additional 1,032 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $61,000. Zions Bancorporation N.A. purchased a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 3,580 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

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.