Blue Owl Capital (NYSE:OBDC) Reaches New 52-Week High at $16.39

Blue Owl Capital Co. (NYSE:OBDC) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $16.39 and last traded at $16.34, with a volume of 72565 shares. The stock had previously closed at $16.33.

Analyst Upgrades and Downgrades

A number of analysts have commented on OBDC shares. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Trading Down 0.9 %

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. The business has a 50 day moving average price of $15.49 and a 200-day moving average price of $14.96.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s payout ratio is 68.97%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently modified their holdings of OBDC. First Affirmative Financial Network acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $235,000. Wedmont Private Capital acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $311,000. Dfpg Investments LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $2,333,000. Sound Income Strategies LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $36,311,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $636,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.