Blue Owl Capital (NYSE:OBDC) Rating Increased to Strong-Buy at Citizens Jmp

Citizens Jmp upgraded shares of Blue Owl Capital (NYSE:OBDC) to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently issued reports on OBDC. Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. JMP Securities increased 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 report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two research 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 stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Down 0.4 %

NYSE:OBDC opened at $15.04 on Monday. The firm has a market capitalization of $5.87 billion, a P/E ratio of 9.34 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. The company’s fifty day moving average price is $15.11 and its 200-day moving average price is $14.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data 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). The business had revenue of $406.03 million during the quarter, compared to analyst estimates of $399.85 million. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. During the same quarter in the previous year, the company earned $0.49 EPS. As a group, equities research analysts anticipate that Blue Owl Capital will post 1.89 EPS for the current year.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently modified their holdings of OBDC. Fifth Third Bancorp increased its stake in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares during the period. National Bank of Canada FI raised its position in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the last quarter. Westend Capital Management LLC raised its position in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $77,000. Finally, Canton Hathaway LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

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.