Blue Owl Capital Corporation (NYSE:OBDC) Stock Has Average Price Target of $12.57

Blue Owl Capital Corporation (NYSE:OBDC) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.57.

Several research analysts have recently issued reports on OBDC shares. Raymond James Financial set a $11.00 target price on shares of Blue Owl Capital in a research note on Thursday, October 22nd. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a report on Friday, July 24th. Finally, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC raised its stake in shares of Blue Owl Capital by 440.0% in the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after buying an additional 2,200 shares during the period. Latitude Advisors LLC bought a new position in shares of Blue Owl Capital during the 3rd quarter valued at approximately $42,000. EverSource Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 102.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock valued at $90,000 after acquiring an additional 4,134 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Blue Owl Capital during the 1st quarter valued at approximately $96,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Blue Owl Capital in the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $10.57 on Tuesday. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 18.88 and a beta of 0.64. The firm’s 50-day moving average is $10.69 and its 200 day moving average is $11.16. Blue Owl Capital has a 1 year low of $9.81 and a 1 year high of $13.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same period in the prior year, the firm posted $0.40 EPS. Sell-side analysts anticipate that Blue Owl Capital will post 1.30 EPS for the current fiscal year.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.