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

Blue Owl Capital (NYSE:OBDC) had its price objective reduced by analysts at Keefe, Bruyette & Woods from $15.10 to $14.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 5.92% from the stock’s current price.

Other analysts also recently issued reports about the company. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.25.

Blue Owl Capital Stock Up 9.7 %

OBDC stock opened at $13.69 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $6.99 billion, a PE ratio of 8.95 and a beta of 0.73. Blue Owl Capital has a 1-year low of $12.11 and a 1-year high of $16.91. The business’s 50 day simple moving average is $14.81 and its 200 day simple moving average is $14.95.

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

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Roxbury Financial LLC bought a new position in Blue Owl Capital in the first quarter worth approximately $50,000. Rothschild Investment LLC lifted its holdings in shares of Blue Owl Capital by 2,383.1% in the first quarter. Rothschild Investment LLC now owns 99,299 shares of the company’s stock valued at $1,456,000 after purchasing an additional 95,300 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $63,000. Confluence Investment Management LLC bought a new position in shares of Blue Owl Capital in the first quarter valued at approximately $4,469,000. Finally, GP Brinson Investments LLC lifted its holdings in shares of Blue Owl Capital by 31.9% in the first quarter. GP Brinson Investments LLC now owns 336,832 shares of the company’s stock valued at $4,938,000 after purchasing an additional 81,451 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

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.