Blue Owl Capital (NYSE:OBDC) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Blue Owl Capital (NYSE:OBDC) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other analysts have also issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities raised their price target on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Stock Performance

OBDC opened at $15.04 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $5.87 billion, a PE ratio of 9.34 and a beta of 0.83. The stock has a 50-day moving average of $15.11 and a 200-day moving average of $14.98. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The company had revenue of $406.03 million for the quarter, compared to the consensus estimate of $399.85 million. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities research analysts forecast that Blue Owl Capital will post 1.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its holdings in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after acquiring an additional 106,722 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Sage Advisors LLC grew its position in Blue Owl Capital by 3.9% during the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after acquiring an additional 78,403 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Blue Owl Capital by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock valued at $26,659,000 after purchasing an additional 24,425 shares in the last quarter. Institutional investors and hedge funds 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.