Blue Owl Capital (NYSE:OBDC) Earns Outperform Rating from Royal Bank of Canada

Blue Owl Capital (NYSE:OBDC)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They presently have a $16.00 price objective on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 8.73% from the company’s current price.

A number of other brokerages have also recently issued reports on OBDC. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday. They set a “buy” rating and a $15.00 price target for the company. Wells Fargo & Company lowered their price target on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a “buy” rating and a $16.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $15.64.

Blue Owl Capital Trading Up 0.8%

NYSE OBDC opened at $14.72 on Thursday. The company has a market cap of $7.52 billion, a P/E ratio of 9.62 and a beta of 0.71. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a 50-day moving average of $14.16 and a 200-day moving average of $14.77.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $464.65 million for the quarter, compared to analysts’ expectations of $457.88 million. As a group, equities analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $28,000. Fifth Third Bancorp lifted its position in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC boosted its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Blue Owl Capital during the 4th quarter valued at $48,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $49,000. 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.