Keefe, Bruyette & Woods Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OBDC) Stock Price

Blue Owl Capital (NYSE:OBDC) had its target price dropped by equities researchers at Keefe, Bruyette & Woods from $14.50 to $13.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 12.55% from the company’s current price.

OBDC has been the topic of a number of other research reports. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Citizens Jmp reduced their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.81.

Blue Owl Capital Trading Down 1.2%

OBDC stock traded down $0.15 during midday trading on Monday, reaching $12.00. The company’s stock had a trading volume of 2,826,951 shares, compared to its average volume of 3,548,503. Blue Owl Capital has a 52 week low of $11.93 and a 52 week high of $15.73. The stock has a market cap of $6.13 billion, a PE ratio of 8.51 and a beta of 0.74. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. The business’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $14.00.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The business had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. As a group, sell-side analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Intrust Bank NA lifted its position in Blue Owl Capital by 4.5% during the 3rd quarter. Intrust Bank NA now owns 370,409 shares of the company’s stock worth $4,730,000 after buying an additional 15,863 shares in the last quarter. Advyzon Investment Management LLC acquired a new stake in shares of Blue Owl Capital in the third quarter valued at about $135,000. Siligmueller & Norvid Wealth Advisors LLC bought a new stake in Blue Owl Capital during the third quarter worth about $3,661,000. Garner Asset Management Corp boosted its position in Blue Owl Capital by 34.7% during the third quarter. Garner Asset Management Corp now owns 133,425 shares of the company’s stock valued at $1,810,000 after purchasing an additional 34,353 shares during the last quarter. Finally, NewEdge Wealth LLC boosted its position in Blue Owl Capital by 32.0% during the third quarter. NewEdge Wealth LLC now owns 379,608 shares of the company’s stock valued at $4,851,000 after purchasing an additional 92,097 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

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.