Blue Owl Capital Co. (NYSE:OBDC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.08.

OBDC has been the subject of several recent analyst reports. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods restated an "underperform" rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company increased their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Finally, JMP Securities lifted their price target on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 4th.

Blue Owl Capital Stock Up 1.6 %

Shares of OBDC stock traded up $0.24 on Friday, hitting $15.33. The stock had a trading volume of 2,948,035 shares, compared to its average volume of 2,993,862. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 9.52 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock's 50 day moving average is $15.09 and its 200-day moving average is $14.97.

Hedge Funds Weigh In On Blue Owl Capital

Several large investors have recently added to or reduced their stakes in OBDC. ExodusPoint Capital Management LP acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $774,000. Arete Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 22.7% during the 4th quarter. Arete Wealth Advisors LLC now owns 31,653 shares of the company's stock valued at $479,000 after buying an additional 5,850 shares during the last quarter. Franklin Resources Inc. raised its stake in Blue Owl Capital by 18.8% during the fourth quarter. Franklin Resources Inc. now owns 881,181 shares of the company's stock worth $13,323,000 after acquiring an additional 139,140 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Blue Owl Capital by 44.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 47,008 shares of the company's stock worth $711,000 after acquiring an additional 14,479 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $2,203,000. 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.