Citizens Jmp Upgrades Blue Owl Capital (NYSE:OBDC) to “Strong-Buy”

Blue Owl Capital (NYSE:OBDC) was upgraded by equities researchers at Citizens Jmp to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on OBDC. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, JMP Securities raised their target price on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.04 on Monday. The firm has a market cap of $5.87 billion, a PE ratio of 9.34 and a beta of 0.83. The firm has a fifty day moving average of $15.11 and a 200 day moving average of $14.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in Blue Owl Capital in the 2nd quarter worth approximately $242,000. Cetera Investment Advisers increased its holdings in shares of Blue Owl Capital by 7.5% during the second quarter. Cetera Investment Advisers now owns 120,085 shares of the company’s stock valued at $1,845,000 after purchasing an additional 8,378 shares during the period. First Affirmative Financial Network increased its holdings in shares of Blue Owl Capital by 8.5% during the third quarter. First Affirmative Financial Network now owns 21,068 shares of the company’s stock valued at $307,000 after purchasing an additional 1,644 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Blue Owl Capital by 4.8% during the third quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock valued at $41,412,000 after purchasing an additional 130,181 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its holdings in shares of Blue Owl Capital by 9.0% during the third quarter. Redhawk Wealth Advisors Inc. now owns 48,173 shares of the company’s stock valued at $702,000 after purchasing an additional 3,961 shares during the period. Institutional investors and hedge funds 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.