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 research note issued to investors on Saturday.

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

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $10.78 on Friday. The company has a 50 day simple moving average of $10.99 and a two-hundred day simple moving average of $11.37. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 15.39 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital has a 12 month low of $10.52 and a 12 month high of $14.89.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $391.00 million during the quarter, compared to analyst estimates of $422.02 million. As a group, analysts predict that Blue Owl Capital will post 1.27 earnings per share for the current year.

Institutional Trading of Blue Owl Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OBDC. IFP Advisors Inc increased its holdings in Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after acquiring an additional 1,320 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after acquiring an additional 2,200 shares in 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 3rd quarter valued at about $30,000. Finally, AG Campbell Advisory LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.