Wells Fargo & Company Issues Pessimistic Forecast for Blue Owl Capital (NYSE:OBDC) Stock Price

Blue Owl Capital (NYSE:OBDC) had its price objective decreased by investment analysts at Wells Fargo & Company from $13.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 1.03% from the company’s previous close.

Other equities analysts have also issued reports about the stock. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Citizens Jmp reduced their price objective on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday. Finally, Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.94.

Blue Owl Capital Trading Up 0.2%

NYSE:OBDC opened at $12.13 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day simple moving average is $13.22 and its 200-day simple moving average is $14.00. Blue Owl Capital has a fifty-two week low of $11.94 and a fifty-two week high of $15.73. The stock has a market capitalization of $6.20 billion, a PE ratio of 8.60 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a return on equity of 10.76% and a net margin of 36.89%. Sell-side analysts expect that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in Blue Owl Capital during the first quarter worth $183,000. Bank of New York Mellon Corp increased its stake in shares of Blue Owl Capital by 44.5% during the 1st quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company’s stock worth $1,706,000 after purchasing an additional 35,820 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $282,000. Stratos Wealth Partners LTD. lifted its stake in Blue Owl Capital by 7.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,575 shares of the company’s stock valued at $419,000 after purchasing an additional 2,020 shares during the last quarter. Finally, CFO4Life Group LLC grew its holdings in Blue Owl Capital by 60.9% during the first quarter. CFO4Life Group LLC now owns 22,336 shares of the company’s stock worth $327,000 after purchasing an additional 8,450 shares during the period. 42.83% of the stock is owned by institutional investors.

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.