Blue Owl Capital (NYSE:OBDC) Sets New 1-Year High at $15.55

Blue Owl Capital Co. (NYSE:OBDC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.55 and last traded at $15.52, with a volume of 1920416 shares trading hands. The stock had previously closed at $15.41.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OBDC shares. B. Riley cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price on the stock. in a report on Monday, January 8th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Stock Up 0.7 %

The stock has a 50 day moving average price of $15.05 and a 200 day moving average price of $14.54. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.58 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The firm had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. As a group, analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently modified their holdings of OBDC. First Affirmative Financial Network acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $235,000. Wedmont Private Capital acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $311,000. Dfpg Investments LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $2,333,000. Sound Income Strategies LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $636,000. Institutional investors own 42.83% of the company’s stock.

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.