Blue Owl Capital (NYSE:OBDC) Now Covered by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of Blue Owl Capital (NYSE:OBDC - Get Free Report) in a report issued on Friday, Marketbeat reports. The brokerage set a "buy" rating and a $16.00 price target on the stock. Jefferies Financial Group's price target points to a potential upside of 17.91% from the stock's previous close.

OBDC has been the topic of a number of other reports. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $16.21.

Blue Owl Capital Stock Down 1.0 %

NYSE OBDC traded down $0.14 on Friday, reaching $13.57. 1,562,399 shares of the stock traded hands, compared to its average volume of 2,535,285. Blue Owl Capital has a 12 month low of $12.11 and a 12 month high of $16.91. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 8.87 and a beta of 0.73. The company has a fifty day moving average price of $14.67 and a 200-day moving average price of $14.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share 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 during the quarter, compared to the consensus estimate of $395.24 million. As a group, research analysts forecast that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Chris Temple acquired 15,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company's stock.

Institutional Trading of Blue Owl Capital

A number of hedge funds have recently added to or reduced their stakes in OBDC. Fifth Third Bancorp boosted its stake in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring an additional 1,922 shares in the last quarter. Anchor Investment Management LLC raised its holdings in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after purchasing an additional 1,500 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $48,000. Roxbury Financial LLC acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $50,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $49,000. 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.