Blue Owl Capital (NYSE:OBDC) Issues Quarterly Earnings Results

Blue Owl Capital (NYSE:OBDC) posted its quarterly earnings data on Wednesday. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02, FiscalAI reports. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same period in the prior year, the business posted $0.40 EPS.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.26 during trading on Wednesday, reaching $10.95. 4,522,882 shares of the company traded hands, compared to its average volume of 3,772,290. The company’s 50 day moving average is $10.96 and its two-hundred day moving average is $11.27. The firm has a market capitalization of $5.43 billion, a PE ratio of 15.64 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital has a 52 week low of $10.52 and a 52 week high of $14.53.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Truist Financial dropped their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Capital One Financial set a $13.00 price objective on Blue Owl Capital in a research report on Friday, July 24th. Finally, Wells Fargo & Company reduced their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Blue Owl Capital by 6.5% in the 3rd quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock valued at $169,527,000 after buying an additional 811,973 shares during the period. UBS Group AG lifted its holdings in shares of Blue Owl Capital by 12.7% during the 3rd quarter. UBS Group AG now owns 6,065,592 shares of the company’s stock worth $77,458,000 after acquiring an additional 681,444 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Blue Owl Capital by 13.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock worth $69,005,000 after acquiring an additional 659,025 shares in the last quarter. Wells Fargo & Company MN increased its stake in Blue Owl Capital by 142.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock valued at $42,771,000 after acquiring an additional 2,022,806 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,264,709 shares of the company’s stock valued at $40,580,000 after acquiring an additional 826,376 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.