Blue Owl Capital (NYSE:OBDC) Price Target Raised to $17.00 at JMP Securities

Blue Owl Capital (NYSE:OBDC) had its target price upped by stock analysts at JMP Securities from $16.50 to $17.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ price target suggests a potential upside of 12.69% from the company’s current price.

OBDC has been the subject of several other reports. 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 research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Trading Up 0.0 %

NYSE OBDC traded up $0.01 on Tuesday, reaching $15.09. The company had a trading volume of 2,043,259 shares, compared to its average volume of 2,951,839. The stock’s 50 day moving average is $15.11 and its 200-day moving average is $14.99. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 9.37 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The business had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. During the same quarter last year, the company earned $0.49 earnings per share. Equities analysts predict that Blue Owl Capital will post 1.89 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC lifted its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Advisors Asset Management Inc. lifted its holdings in Blue Owl Capital by 16.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after buying an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC raised its position in shares of Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after acquiring an additional 103,123 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after acquiring an additional 74,959 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth about $814,000. 42.83% of the stock is owned by institutional investors and hedge funds.

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.