Blue Owl Capital (NYSE:OBDC) Given New $14.50 Price Target at Keefe, Bruyette & Woods

Blue Owl Capital (NYSE:OBDC) had its price objective lowered by Keefe, Bruyette & Woods from $15.10 to $14.50 in a research report sent to investors on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.25.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $12.47 on Tuesday. The company’s 50-day simple moving average is $14.86 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital has a one year low of $12.32 and a one year high of $16.91. The company has a market capitalization of $6.37 billion, a P/E ratio of 8.15 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. As a group, equities analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. grew its position in shares of Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after buying an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC grew its stake in shares of Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after purchasing an additional 823 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after buying an additional 1,083 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after buying an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.