JMP Securities Forecasts Strong Price Appreciation for Blue Owl Capital (NYSE:OBDC) Stock

Blue Owl Capital (NYSE:OBDC) had its target price lifted by JMP Securities from $16.50 to $17.00 in a report released on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two equities research 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $15.05 on Tuesday. The business has a fifty day moving average of $15.11 and a 200-day moving average of $14.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91. The firm has a market cap of $5.87 billion, a PE ratio of 9.34 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share 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 during the quarter, compared to the consensus estimate of $399.85 million. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, equities research analysts predict that Blue Owl Capital will post 1.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently made changes to their positions in OBDC. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Advisors Asset Management Inc. grew its holdings in Blue Owl Capital by 16.8% during the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after purchasing an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after purchasing an additional 103,123 shares in the last quarter. Franklin Resources Inc. raised its holdings in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after purchasing an additional 74,959 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth $814,000. 42.83% of the stock is 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.