Blue Owl Capital (NYSE:OBDC) Reaches New 1-Year Low – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Blue Owl Capital Stock Up 0.4%

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 17.72 and a beta of 0.64. The firm’s 50 day simple moving average is $10.92 and its 200-day simple moving average is $11.04.

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

Blue Owl Capital Announces Dividend

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Wednesday, September 30th. Blue Owl Capital’s payout ratio is 221.43%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OBDC. Diversify Advisory Services LLC lifted its position in Blue Owl Capital by 13.4% in the third quarter. Diversify Advisory Services LLC now owns 143,689 shares of the company’s stock valued at $1,487,000 after purchasing an additional 17,011 shares during the period. Prime Capital Investment Advisors LLC boosted its holdings in Blue Owl Capital by 29.5% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 283,821 shares of the company’s stock valued at $2,977,000 after purchasing an additional 64,585 shares in the last quarter. Family Wealth Partners LLC boosted its holdings in Blue Owl Capital by 13.8% in the 3rd quarter. Family Wealth Partners LLC now owns 100,586 shares of the company’s stock valued at $1,055,000 after purchasing an additional 12,206 shares in the last quarter. IFP Advisors Inc increased its position in Blue Owl Capital by 313.7% during the 3rd quarter. IFP Advisors Inc now owns 12,792 shares of the company’s stock worth $134,000 after purchasing an additional 9,700 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its position in Blue Owl Capital by 0.9% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 243,651 shares of the company’s stock worth $2,631,000 after purchasing an additional 2,200 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.