Blue Owl Capital (NYSE:OBDC) Earns “Market Outperform” Rating from JMP Securities

Blue Owl Capital (NYSE:OBDC)‘s stock had its “market outperform” rating reaffirmed by stock analysts at JMP Securities in a report released on Tuesday, Benzinga reports. They currently have a $16.00 target price on the stock. JMP Securities’ target price indicates a potential upside of 4.78% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price for the company. in a research note on Monday, January 8th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Trading Up 0.6 %

Shares of OBDC stock opened at $15.27 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $15.05 and a two-hundred day moving average price of $14.54. Blue Owl Capital has a 12-month low of $12.20 and a 12-month high of $15.55. The firm has a market cap of $5.95 billion, a P/E ratio of 7.52 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The company had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. Equities analysts anticipate that Blue Owl Capital will post 1.89 EPS for the current fiscal year.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of Blue Owl Capital stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Heritage Wealth Advisors bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $32,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $41,000. FIL Ltd bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $43,000. Spire Wealth Management bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $45,000. Finally, US Bancorp DE bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors 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.