Blue Owl Capital (NYSE:OBDC) Upgraded to “Strong-Buy” at Citizens Jmp

Blue Owl Capital (NYSE:OBDC) was upgraded by stock analysts at Citizens Jmp to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research firms have also weighed in on OBDC. JMP Securities increased their price target on Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. 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 research note on Tuesday, October 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Trading Down 0.4 %

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

Blue Owl Capital (NYSE:OBDC) last released its quarterly 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 net margin of 38.99% and a return on equity of 12.59%. The company had revenue of $406.03 million during the quarter, compared to analyst estimates of $399.85 million. During the same quarter last year, the business earned $0.49 EPS. On average, sell-side analysts expect that Blue Owl Capital will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently modified their holdings of OBDC. Marshall Wace LLP acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $242,000. Cetera Investment Advisers grew its holdings in shares of Blue Owl Capital by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 120,085 shares of the company’s stock worth $1,845,000 after purchasing an additional 8,378 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of Blue Owl Capital by 8.5% during the 3rd quarter. First Affirmative Financial Network now owns 21,068 shares of the company’s stock worth $307,000 after purchasing an additional 1,644 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Blue Owl Capital by 4.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after purchasing an additional 130,181 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Blue Owl Capital by 9.0% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 48,173 shares of the company’s stock valued at $702,000 after buying an additional 3,961 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.