Blue Owl Capital (NYSE:OBDC) Sets New 12-Month Low – Should You Sell?

Blue Owl Capital Corporation (NYSE:OBDC)’s stock price reached a new 52-week low on Monday. The stock traded as low as $9.81 and last traded at $9.8450, with a volume of 3,152,626 shares trading hands. The stock had previously closed at $10.11.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OBDC shares. Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a report on Friday, July 24th. Finally, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.83.

Blue Owl Capital Price Performance

The company has a market cap of $4.86 billion, a P/E ratio of 17.58 and a beta of 0.64. The company has a fifty day moving average price of $10.99 and a two-hundred day moving average price of $11.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. The business had revenue of $396.00 million for the quarter, compared to the consensus estimate of $394.23 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. On average, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.6%. Blue Owl Capital’s dividend payout ratio is currently 221.43%.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sage Investment Counsel LLC lifted its position in shares of Blue Owl Capital by 8.4% in the first quarter. Sage Investment Counsel LLC now owns 12,855 shares of the company’s stock valued at $142,000 after buying an additional 1,000 shares during the last quarter. Attessa Capital LLC increased its holdings in shares of Blue Owl Capital by 10.0% during the 3rd quarter. Attessa Capital LLC now owns 11,000 shares of the company’s stock worth $115,000 after acquiring an additional 1,000 shares during the last quarter. Triumph Capital Management increased its holdings in shares of Blue Owl Capital by 3.9% during the 2nd quarter. Triumph Capital Management now owns 27,235 shares of the company’s stock worth $296,000 after acquiring an additional 1,010 shares during the last quarter. VPR Management LLC raised its position in shares of Blue Owl Capital by 2.0% in the second quarter. VPR Management LLC now owns 52,407 shares of the company’s stock valued at $570,000 after purchasing an additional 1,046 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Blue Owl Capital by 51.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company’s stock worth $40,000 after buying an additional 1,093 shares during the period. 42.83% of the stock is owned by institutional investors.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.