Blue Owl Capital (NYSE:OBDC) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) released its quarterly earnings results on Wednesday. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%.

Blue Owl Capital Trading Up 0.5 %

OBDC traded up $0.08 during mid-day trading on Wednesday, hitting $15.65. The stock had a trading volume of 3,147,644 shares, compared to its average volume of 2,953,171. The stock’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 9.72 and a beta of 0.83. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91.

Analyst Ratings Changes

OBDC has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities raised their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.08.

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.