Blue Owl Capital (NYSE:OBDC) Stock Rating Upgraded by Citizens Jmp

Citizens Jmp upgraded shares of Blue Owl Capital (NYSE:OBDC) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

Several other research firms have also recently issued reports on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities raised their target price on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.04 on Monday. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 9.34 and a beta of 0.83. Blue Owl Capital has a 52 week low of $13.98 and a 52 week high of $16.91. The company’s 50-day moving average price is $15.11 and its 200 day moving average price is $14.98. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $406.03 million during the quarter, compared to analyst estimates of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, research analysts forecast that Blue Owl Capital will post 1.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds have recently added to or reduced their stakes in OBDC. Fifth Third Bancorp boosted its holdings 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. National Bank of Canada FI boosted its holdings in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC boosted its holdings in Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares during the period. Venturi Wealth Management LLC acquired a new position in Blue Owl Capital in the fourth quarter worth $77,000. Finally, Canton Hathaway LLC acquired a new position in Blue Owl Capital in the fourth quarter worth $84,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.