Blue Owl Capital (NYSE:OBDC) Price Target Cut to $12.00 by Analysts at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC) had its target price reduced by Wells Fargo & Company from $13.00 to $12.00 in a report issued on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Citizens Jmp decreased their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.94.

Blue Owl Capital Stock Up 0.2%

OBDC stock traded up $0.03 during trading on Friday, hitting $12.13. 6,286,174 shares of the stock traded hands, compared to its average volume of 5,654,439. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of 8.60 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital has a 1 year low of $11.94 and a 1 year high of $15.73. The firm’s 50 day moving average is $13.22 and its two-hundred day moving average is $14.00.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.76% and a net margin of 36.89%.The firm had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. On average, sell-side analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Institutional Trading of Blue Owl Capital

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Blue Owl Capital in the first quarter worth approximately $183,000. Bank of New York Mellon Corp raised its position in shares of Blue Owl Capital by 44.5% during the 1st quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company’s stock valued at $1,706,000 after purchasing an additional 35,820 shares during the period. Financial Counselors Inc. purchased a new position in shares of Blue Owl Capital during the 1st quarter valued at $282,000. Stratos Wealth Partners LTD. boosted its holdings in Blue Owl Capital by 7.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,575 shares of the company’s stock worth $419,000 after buying an additional 2,020 shares during the period. Finally, CFO4Life Group LLC increased its stake in Blue Owl Capital by 60.9% in the 1st quarter. CFO4Life Group LLC now owns 22,336 shares of the company’s stock worth $327,000 after buying an additional 8,450 shares in the last quarter. Institutional investors 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.