Blue Owl Capital (NYSE:OBDC) Given New $17.00 Price Target at JMP Securities

Blue Owl Capital (NYSE:OBDC) had its target price raised by JMP Securities from $16.50 to $17.00 in a research report sent to investors on Tuesday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the stock.

OBDC has been the topic of several other research reports. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $15.10 on Tuesday. The company has a market capitalization of $5.89 billion, a PE ratio of 9.38 and a beta of 0.83. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $15.11 and its 200 day moving average price is $14.98.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. During the same quarter last year, the business earned $0.49 EPS. As a group, analysts expect that Blue Owl Capital will post 1.89 earnings per share for the current year.

Hedge Funds Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OBDC. Icon Wealth Advisors LLC boosted its position in Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after buying an additional 563,800 shares in the last quarter. Van ECK Associates Corp boosted its position in Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after buying an additional 347,155 shares in the last quarter. Sound Income Strategies LLC boosted its position in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after buying an additional 182,002 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Blue Owl Capital in the second quarter valued at about $2,667,000. Finally, Stephens Inc. AR boosted its position in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after buying an additional 132,386 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

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.