Keefe, Bruyette & Woods Lowers Blue Owl Capital (NYSE:OBDC) Price Target to $12.00

Blue Owl Capital (NYSE:OBDC) had its price target reduced by investment analysts at Keefe, Bruyette & Woods from $12.50 to $12.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 1.66% from the stock’s previous close.

Several other analysts also recently commented on OBDC. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Truist Financial lowered their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada lowered their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.71.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $11.80 on Thursday. The company has a market cap of $5.86 billion, a PE ratio of 9.52 and a beta of 0.65. Blue Owl Capital has a 52 week low of $10.52 and a 52 week high of $15.19. The business has a 50 day moving average price of $11.33 and a 200-day moving average price of $12.15. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $439.50 million during the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%. Equities analysts anticipate that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 18th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sterneck Capital Management LLC grew its holdings in Blue Owl Capital by 3.7% during the first quarter. Sterneck Capital Management LLC now owns 37,859 shares of the company’s stock valued at $419,000 after purchasing an additional 1,352 shares during the period. Ocean Park Asset Management LLC bought a new position in Blue Owl Capital during the first quarter valued at $859,000. Sweeney & Michel LLC bought a new position in Blue Owl Capital during the first quarter valued at $362,000. Brookstone Capital Management grew its holdings in Blue Owl Capital by 21.0% during the first quarter. Brookstone Capital Management now owns 122,374 shares of the company’s stock valued at $1,353,000 after purchasing an additional 21,206 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Blue Owl Capital by 79.4% during the first quarter. SG Americas Securities LLC now owns 39,979 shares of the company’s stock valued at $442,000 after purchasing an additional 17,688 shares during the period. 42.83% of the stock is owned by institutional investors.

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.