Royal Bank Of Canada Has Lowered Expectations for Blue Owl Capital (NYSE:OBDC) Stock Price

Blue Owl Capital (NYSE:OBDC) had its price objective lowered by equities research analysts at Royal Bank Of Canada from $16.00 to $14.00 in a research report issued on Wednesday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 8.23% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. 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. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Finally, Wells Fargo & Company decreased their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $12.94 on Wednesday. The firm has a market capitalization of $6.61 billion, a PE ratio of 9.19 and a beta of 0.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. Blue Owl Capital has a fifty-two week low of $11.65 and a fifty-two week high of $15.73. The stock’s 50-day simple moving average is $12.73 and its 200-day simple moving average is $13.84.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, equities research analysts forecast that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Insider Activity at Blue Owl Capital

In other news, CEO Craig Packer bought 83,200 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the transaction, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at approximately $488,800. This trade represents a -200.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

Several hedge funds and other institutional investors have recently bought and sold shares of OBDC. BlueStem Wealth Partners LLC increased its holdings in shares of Blue Owl Capital by 2.5% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after purchasing an additional 837 shares during the period. Trust Investment Advisors raised its position in Blue Owl Capital by 1.5% in the third quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock worth $765,000 after purchasing an additional 868 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock valued at $384,000 after purchasing an additional 876 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of Blue Owl Capital by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock worth $455,000 after buying an additional 905 shares during the period. Finally, NorthRock Partners LLC raised its stake in Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after acquiring an additional 975 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

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.