Blue Owl Capital (NYSE:OBDC) Sets New 52-Week High at $15.83

Blue Owl Capital Co. (NYSE:OBDC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $15.83 and last traded at $15.80, with a volume of 393787 shares. The stock had previously closed at $15.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OBDC shares. B. Riley cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective on the stock. in a research note on Monday, January 8th. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Stock Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The business’s fifty day simple moving average is $15.28 and its 200-day simple moving average is $14.79. The firm has a market capitalization of $6.16 billion, a PE ratio of 7.76 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 68.97%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now owns 6,217 shares in the company, valued at approximately $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of New Jersey Common Pension Fund E bought a new stake in Blue Owl Capital in the fourth quarter worth $335,810,000. Regents of The University of California bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $258,421,000. Van ECK Associates Corp bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $100,726,000. Transcend Capital Advisors LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $56,354,000. Finally, LSV Asset Management purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at $51,197,000. 42.83% of the stock is owned by hedge funds and other 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.