Blue Owl Capital (NYSE:OBDC) Price Target Lowered to $14.50 at Keefe, Bruyette & Woods

Blue Owl Capital (NYSE:OBDC - Get Free Report) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $15.10 to $14.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price objective points to a potential upside of 9.23% from the company's previous close.

A number of other research firms also recently commented on OBDC. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $14.00 to $15.00 in a report on Monday, March 17th. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.21.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.19 during trading hours on Tuesday, hitting $13.28. 7,451,451 shares of the company traded hands, compared to its average volume of 2,519,685. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a twelve month low of $12.11 and a twelve month high of $16.91. The firm has a 50-day moving average of $14.73 and a 200 day moving average of $14.93. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 8.68 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, analysts forecast that Blue Owl Capital will post 1.71 EPS for the current year.

Insider Buying and Selling

In related news, Director Chris Temple acquired 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors and hedge funds have recently made changes to their positions in OBDC. Fifth Third Bancorp increased its position in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after purchasing an additional 1,922 shares during the period. Anchor Investment Management LLC raised its stake in shares of Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after buying an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $48,000. Lazard Asset Management LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $49,000. Finally, Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $50,000. 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.