Raymond James Financial Upgrades Blue Owl Capital (NYSE:OBDC) to "Moderate Buy"

Key Points

• Raymond James Financial has upgraded Blue Owl Capital's rating from "hold" to "moderate buy," indicating a more favorable outlook for the company.
• Blue Owl Capital's current average target price is $15.21, with three analysts rating it as a "Strong Buy" and four as a "Buy."
• The company recently reported earnings of $0.40 per share, surpassing the expected $0.39, with revenue for the quarter reaching $485.84 million.

Blue Owl Capital (NYSE:OBDC - Get Free Report) was upgraded by stock analysts at Raymond James Financial from a "hold" rating to a "moderate buy" rating in a research note issued on Tuesday, MarketBeat.com reports.

Separately, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital currently has an average rating of "Buy" and an average target price of $15.21.

Blue Owl Capital Trading Down 0.0%

NYSE:OBDC opened at $12.54 on Tuesday. Blue Owl Capital has a one year low of $12.11 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $6.41 billion, a P/E ratio of 8.30 and a beta of 0.75. The firm has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $14.19.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Equities analysts anticipate that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Institutional Trading of Blue Owl Capital

Large investors have recently made changes to their positions in the business. Hamilton Lane Advisors LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $48,845,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Blue Owl Capital by 85.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after acquiring an additional 474,100 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Blue Owl Capital by 49.4% in the 2nd quarter. Graypoint LLC now owns 590,048 shares of the company's stock valued at $8,461,000 after acquiring an additional 194,999 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after acquiring an additional 129,038 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Blue Owl Capital by 217.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company's stock valued at $631,000 after acquiring an additional 29,521 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other 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.

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