Wall Street Zen Upgrades Blue Owl Capital (NYSE:OBDC) to Hold

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

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

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $10.78 on Friday. The firm has a market cap of $5.35 billion, a PE ratio of 15.39 and a beta of 0.62. The firm’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $11.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. Blue Owl Capital has a 1 year low of $10.52 and a 1 year high of $14.89.

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

Institutional Trading of Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. Goldman Sachs Group Inc. grew its position in Blue Owl Capital by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after buying an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at $6,641,000. EverSource Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 106.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after acquiring an additional 4,494 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Blue Owl Capital by 133.8% during the 2nd quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock worth $1,344,000 after acquiring an additional 53,613 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Blue Owl Capital by 24.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock worth $235,000 after acquiring an additional 3,200 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

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.