Neena Reddy Buys 7,890 Shares of Blue Owl Capital (NYSE:OBDC) Stock

Blue Owl Capital Corporation (NYSE:OBDC) VP Neena Reddy bought 7,890 shares of the stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average price of $13.06 per share, with a total value of $103,043.40. Following the purchase, the vice president owned 7,890 shares in the company, valued at $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $13.23 on Wednesday. The business’s fifty day moving average is $12.68 and its 200 day moving average is $13.79. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 9.38 and a beta of 0.65. Blue Owl Capital Corporation has a twelve month low of $11.65 and a twelve month high of $15.73.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 11.2%. Blue Owl Capital’s payout ratio is presently 104.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Royal Bank Of Canada reduced their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Finally, Citizens Jmp lowered their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.56.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. raised its stake in shares of Blue Owl Capital by 2.7% in the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock worth $548,000 after purchasing an additional 996 shares during the last quarter. Cetera Investment Advisers increased its holdings in Blue Owl Capital by 62.9% in the 1st quarter. Cetera Investment Advisers now owns 210,703 shares of the company’s stock worth $3,089,000 after buying an additional 81,353 shares in the last quarter. LPL Financial LLC raised its position in Blue Owl Capital by 6.3% in the 1st quarter. LPL Financial LLC now owns 2,075,846 shares of the company’s stock worth $30,432,000 after buying an additional 122,163 shares during the last quarter. Mackenzie Financial Corp bought a new position in Blue Owl Capital during the 1st quarter valued at about $525,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $73,000. 42.83% of the stock is currently 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.