Blue Owl Capital Co. (NYSE:OBDC) Receives $15.86 Average Target Price from Analysts

Blue Owl Capital Co. (NYSE:OBDC) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.86.

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

Blue Owl Capital Trading Up 0.8 %

Shares of Blue Owl Capital stock opened at $15.31 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $5.97 billion, a PE ratio of 9.51 and a beta of 0.85. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The company’s fifty day simple moving average is $15.10 and its 200-day simple moving average is $15.12.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.67%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is currently 91.93%.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently made changes to their positions in the stock. Strategies Wealth Advisors LLC grew its holdings in Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after purchasing an additional 745 shares during the last quarter. Gilbert & Cook Inc. grew its stake in Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after buying an additional 1,000 shares during the last quarter. Certuity LLC raised its stake in Blue Owl Capital by 1.8% in the second quarter. Certuity LLC now owns 62,858 shares of the company’s stock valued at $965,000 after buying an additional 1,083 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Blue Owl Capital by 1.7% in the second quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock worth $978,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Blue Owl Capital by 5.4% during the second quarter. Arkadios Wealth Advisors now owns 23,555 shares of the company’s stock worth $362,000 after acquiring an additional 1,200 shares during the last quarter. 42.83% of the stock is currently 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.