Blue Owl Capital (NYSE:OBDC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Blue Owl Capital (NYSE:OBDC) in a report issued on Thursday morning, MarketBeat.com reports. They currently have a $16.00 price target on the stock.

A number of other research analysts have also commented on OBDC. JMP Securities reiterated a market outperform rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday, March 26th. Royal Bank of Canada boosted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an outperform rating in a research report on Friday, May 17th. Hovde Group boosted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an outperform rating in a research report on Friday, May 10th. Truist Financial boosted their price objective on Blue Owl Capital from $16.00 to $18.00 and gave the company a buy rating in a research report on Monday, May 13th. Finally, Wells Fargo & Company upped their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an underweight rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of Moderate Buy and an average target price of $16.19.

Blue Owl Capital Stock Up 1.0 %

Shares of OBDC stock opened at $16.60 on Thursday. Blue Owl Capital has a 12 month low of $12.99 and a 12 month high of $16.64. The firm has a market cap of $6.47 billion, a PE ratio of 8.38 and a beta of 0.88. The stock has a 50 day moving average of $15.81 and a 200-day moving average of $15.22. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.35. Blue Owl Capital’s dividend payout ratio is 70.71%.

Insider Activity

In other news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in Blue Owl Capital in the fourth quarter valued at about $795,000. abrdn plc bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $1,965,000. Koshinski Asset Management Inc. bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $1,170,000. Atria Wealth Solutions Inc. bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $1,074,000. Finally, Tectonic Advisors LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $5,417,000. Institutional investors and hedge funds 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.