Blue Owl Capital (NYSE:OBDC) Given New $14.50 Price Target at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC) had its price objective raised by analysts at Wells Fargo & Company from $14.00 to $14.50 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 5.23% from the company’s current price.

Several other research analysts also recently commented on OBDC. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Truist Financial dropped their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Blue Owl Capital Price Performance

NYSE OBDC traded down $0.01 on Tuesday, reaching $15.30. 259,364 shares of the company’s stock traded hands, compared to its average volume of 1,951,641. The stock has a market cap of $5.97 billion, a PE ratio of 8.55 and a beta of 0.87. Blue Owl Capital has a 12 month low of $13.08 and a 12 month high of $16.91. The stock has a 50-day simple moving average of $14.89 and a 200 day simple moving average of $15.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, research analysts predict that Blue Owl Capital will post 1.91 earnings per share for the current year.

Insider Activity

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OBDC. LSV Asset Management boosted its holdings in shares of Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after buying an additional 423,934 shares in the last quarter. Stephens Inc. AR boosted its stake in Blue Owl Capital by 4.3% during the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after acquiring an additional 132,386 shares in the last quarter. Sound Income Strategies LLC boosted its stake in Blue Owl Capital by 4.8% during the third quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after acquiring an additional 130,181 shares in the last quarter. Sage Advisors LLC grew its holdings in Blue Owl Capital by 6.7% in the second quarter. Sage Advisors LLC now owns 1,925,424 shares of the company’s stock worth $29,575,000 after purchasing an additional 120,115 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Blue Owl Capital by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 1,709,801 shares of the company’s stock valued at $26,297,000 after purchasing an additional 98,061 shares in the last quarter. 42.83% of the stock is 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.