Blue Owl Capital (NYSE:OBDC) Issues Q4 Earnings Guidance

Blue Owl Capital (NYSE:OBDC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.47 for the period, compared to the consensus earnings per share estimate of $0.46.

Analyst Ratings Changes

OBDC has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target 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. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.92.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $14.85 on Friday. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a fifty day moving average of $15.12 and a 200-day moving average of $15.04. The company has a market capitalization of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.97%. Blue Owl Capital’s dividend payout ratio is 91.93%.

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.