Blue Owl Capital (NYSE:OBDC) Raised to Equal Weight at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC) was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $15.00 price target on the stock, up from their prior price target of $14.00. Wells Fargo & Company‘s price target indicates a potential upside of 3.92% from the company’s previous close.

A number of other equities analysts have also recently weighed in on OBDC. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.17.

Blue Owl Capital Trading Up 2.5 %

Shares of OBDC opened at $14.43 on Monday. The stock’s fifty day simple moving average is $15.00 and its 200-day simple moving average is $15.02. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $7.37 billion, a PE ratio of 9.43 and a beta of 0.85. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. As a group, research analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Palogic Value Management L.P. grew its position in shares of Blue Owl Capital by 7.8% in the fourth quarter. Palogic Value Management L.P. now owns 117,536 shares of the company’s stock valued at $1,777,000 after purchasing an additional 8,553 shares during the last quarter. Liberty Square Wealth Partners LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $386,000. Ameriflex Group Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $541,000. Lantern Wealth Advisors LLC bought a new position in Blue Owl Capital during the 4th quarter worth $640,000. Finally, US Financial Advisors LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at $163,000. 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.