Blue Owl Capital (NYSE:OBDC) Stock Rating Upgraded by Wall Street Zen

Blue Owl Capital (NYSE:OBDC) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other analysts have also weighed in on OBDC. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Truist Financial dropped their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Stock Up 1.4%

Shares of NYSE:OBDC opened at $10.82 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital has a 12 month low of $10.52 and a 12 month high of $15.19. The company has a 50-day moving average price of $11.20 and a 200 day moving average price of $11.64. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 15.46 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $391.00 million for the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. As a group, equities research analysts predict that Blue Owl Capital will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Blue Owl Capital during the third quarter worth $1,208,000. Next Capital Management LLC increased its position in shares of Blue Owl Capital by 407.0% in the 4th quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock valued at $2,488,000 after acquiring an additional 160,221 shares during the period. Van ECK Associates Corp raised its stake in Blue Owl Capital by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 13,364,378 shares of the company’s stock worth $170,663,000 after acquiring an additional 757,203 shares during the last quarter. Tectonic Advisors LLC raised its stake in Blue Owl Capital by 13.0% in the 4th quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock worth $12,975,000 after acquiring an additional 119,798 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in Blue Owl Capital by 11.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock worth $47,665,000 after acquiring an additional 387,347 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.