Blue Owl Capital (NYSE:OBDC) Coverage Initiated by Analysts at Jefferies Financial Group

Equities researchers at Jefferies Financial Group started coverage on shares of Blue Owl Capital (NYSE:OBDC) in a research note issued on Friday, MarketBeat reports. The firm set a “buy” rating and a $16.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 20.53% from the company’s previous close.

Several other research firms have also weighed in on OBDC. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.21.

Blue Owl Capital Trading Up 1.4 %

Shares of Blue Owl Capital stock opened at $13.28 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a 12-month low of $12.11 and a 12-month high of $16.91. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 8.68 and a beta of 0.73. The firm’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $14.93.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. On average, analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OBDC. Cresset Asset Management LLC raised its position in shares of Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock worth $68,762,000 after acquiring an additional 4,385,987 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in Blue Owl Capital in the fourth quarter worth approximately $34,103,000. Raymond James Financial Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $28,434,000. Boston Partners boosted its holdings in shares of Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after buying an additional 714,940 shares in the last quarter. Finally, Enstar Group LTD acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $10,139,000. Institutional investors and hedge funds 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.