Blue Owl Capital (NYSE:OBDC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) released its earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.08 during mid-day trading on Wednesday, hitting $15.65. 3,146,715 shares of the stock were exchanged, compared to its average volume of 2,953,149. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $6.11 billion, a P/E ratio of 9.72 and a beta of 0.83. The stock’s fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $14.97. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. JMP Securities raised their price target on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Company Profile

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.