Blue Owl Capital (NYSE:OBDC) Now Covered by Jefferies Financial Group

Stock analysts at Jefferies Financial Group assumed coverage on shares of Blue Owl Capital (NYSE:OBDC) in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.37% from the company’s previous close.

OBDC has been the topic of a number of other reports. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $13.08 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital has a one year low of $12.11 and a one year high of $16.91. The stock’s 50 day moving average price is $14.77 and its 200 day moving average price is $14.94. The firm has a market capitalization of $6.68 billion, a PE ratio of 8.55 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. As a group, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently made changes to their positions in OBDC. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after purchasing an additional 182,002 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock worth $36,843,000 after buying an additional 174,759 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after buying an additional 74,959 shares during the period. FNY Investment Advisers LLC purchased a new position in Blue Owl Capital during the 4th quarter worth approximately $814,000. Finally, Arkadios Wealth Advisors lifted its stake in Blue Owl Capital by 80.9% in the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after acquiring an additional 22,440 shares in the last quarter. 42.83% of the stock is 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.