Blue Owl Capital Corporation (NYSE:OBDC) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Blue Owl Capital Corporation (NYSE:OBDC) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.2143.

OBDC has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Citizens Jmp lowered their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday, November 7th. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Finally, Royal Bank Of Canada decreased their price target on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, November 26th.

Blue Owl Capital Stock Up 1.0%

OBDC opened at $11.55 on Thursday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 8.19 and a beta of 0.67. Blue Owl Capital has a one year low of $10.70 and a one year high of $15.73. The company has a fifty day moving average price of $12.31 and a 200-day moving average price of $12.95. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The company had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. Equities research analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Neena Reddy bought 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the purchase, the vice president directly owned 7,890 shares in the company, valued at $103,043.40. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its position in Blue Owl Capital by 79.6% during 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 during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after buying an additional 1,320 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Blue Owl Capital in the 3rd quarter valued at about $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital during the 3rd quarter valued at about $30,000. Finally, Assetmark Inc. bought a new position in Blue Owl Capital during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

About Blue Owl Capital

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.