Analysts Set Blue Owl Capital Co. (NYSE:OBDC) PT at $15.92

Blue Owl Capital Co. (NYSE:OBDC) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $15.92.

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods restated 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. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $14.85 on Wednesday. The stock’s fifty day moving average is $15.12 and its 200 day moving average is $15.03. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was 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 9.97%. Blue Owl Capital’s payout ratio is 91.93%.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Blue Owl Capital by 37.7% during the second quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock valued at $619,000 after buying an additional 11,041 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Blue Owl Capital by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 423,169 shares of the company’s stock valued at $6,500,000 after buying an additional 50,752 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in Blue Owl Capital in the 2nd quarter worth about $296,000. Total Clarity Wealth Management Inc. raised its stake in shares of Blue Owl Capital by 24.5% during the second quarter. Total Clarity Wealth Management Inc. now owns 13,758 shares of the company’s stock valued at $211,000 after acquiring an additional 2,705 shares in the last quarter. Finally, Perennial Investment Advisors LLC grew its stake in Blue Owl Capital by 0.4% in the second quarter. Perennial Investment Advisors LLC now owns 383,543 shares of the company’s stock worth $5,891,000 after purchasing an additional 1,615 shares in the last quarter. 42.83% of the stock is owned by 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.