Keefe, Bruyette & Woods Reiterates Underperform Rating for Blue Owl Capital (NYSE:OBDC)

Blue Owl Capital (NYSE:OBDC)‘s stock had its “underperform” rating reiterated by Keefe, Bruyette & Woods in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $14.00 price target on the stock, down from their prior price target of $15.50. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 8.41% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company increased their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Hold” and an average price target of $15.86.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.29 on Thursday. The company has a 50-day moving average price of $15.07 and a two-hundred day moving average price of $15.21. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 9.49 and a beta of 0.85. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently made changes to their positions in the business. Strategies Wealth Advisors LLC lifted its stake in Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after purchasing an additional 745 shares during the last quarter. Intellectus Partners LLC lifted its position in shares of Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock valued at $1,901,000 after acquiring an additional 809 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after acquiring an additional 1,000 shares in the last quarter. CWM LLC boosted its stake in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Certuity LLC raised its position in shares of Blue Owl Capital by 1.8% during the second quarter. Certuity LLC now owns 62,858 shares of the company’s stock worth $965,000 after purchasing an additional 1,083 shares during the period. Institutional investors 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.