JMP Securities Forecasts Strong Price Appreciation for Blue Owl Capital (NYSE:OBDC) Stock

Blue Owl Capital (NYSE:OBDC - Get Free Report) had its price objective raised by equities researchers at JMP Securities from $16.50 to $17.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "market outperform" rating on the stock. JMP Securities' price objective points to a potential upside of 12.99% from the company's previous close.

OBDC has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.08.

Blue Owl Capital Trading Up 0.2 %

Shares of Blue Owl Capital stock traded up $0.03 during mid-day trading on Tuesday, hitting $15.05. 2,492,983 shares of the stock were exchanged, compared to its average volume of 3,018,487. The company has a 50-day simple moving average of $15.11 and a 200 day simple moving average of $14.98. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 9.34 and a beta of 0.83. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $406.03 million during 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 firm posted $0.49 earnings per share. Research analysts forecast that Blue Owl Capital will post 1.89 EPS for the current year.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new position in Blue Owl Capital in the second quarter valued at about $242,000. Cetera Investment Advisers grew its stake in shares of Blue Owl Capital by 7.5% in the second quarter. Cetera Investment Advisers now owns 120,085 shares of the company's stock valued at $1,845,000 after buying an additional 8,378 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $2,667,000. Strategies Wealth Advisors LLC lifted its position in Blue Owl Capital by 9.4% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 30,935 shares of the company's stock worth $451,000 after acquiring an additional 2,670 shares in the last quarter. Finally, First Affirmative Financial Network boosted its holdings in Blue Owl Capital by 8.5% in the 3rd quarter. First Affirmative Financial Network now owns 21,068 shares of the company's stock worth $307,000 after acquiring an additional 1,644 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.