Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for Blue Owl Capital (NYSE:OBDC)

Blue Owl Capital (NYSE:OBDC)‘s stock had its “market perform” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, Benzinga reports. They currently have a $16.00 price target on the stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 3.26% from the company’s previous close.

Several other analysts have also recently commented on OBDC. Wells Fargo & Company raised their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Royal Bank of Canada raised their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Hovde Group upped their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Truist Financial upped their price target on Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $16.54 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50 day simple moving average of $15.76 and a 200-day simple moving average of $15.17. Blue Owl Capital has a 12 month low of $12.99 and a 12 month high of $16.64. The stock has a market capitalization of $6.45 billion, a PE ratio of 8.37 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Equities analysts predict that Blue Owl Capital will post 1.88 earnings per share for the current year.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the purchase, the director now owns 6,217 shares in the company, valued at $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. Heritage Wealth Advisors acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $32,000. Headlands Technologies LLC acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $40,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $41,000. Finally, Spire Wealth Management purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at $45,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.