Blue Owl Capital (NYSE:OBDC – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.
A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Wells Fargo & Company decreased their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Truist Financial dropped their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.
Read Our Latest Analysis on Blue Owl Capital
Blue Owl Capital Stock Up 2.1%
Blue Owl Capital (NYSE:OBDC – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $391.00 million for the quarter, compared to analysts’ expectations of $422.02 million. As a group, analysts expect that Blue Owl Capital will post 1.27 EPS for the current year.
Institutional Investors Weigh In On Blue Owl Capital
A number of hedge funds have recently modified their holdings of OBDC. Next Capital Management LLC increased its position in Blue Owl Capital by 407.0% in the fourth quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock worth $2,488,000 after buying an additional 160,221 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Blue Owl Capital by 13.0% during the 4th quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock worth $12,975,000 after acquiring an additional 119,798 shares during the period. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 11.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock valued at $47,665,000 after acquiring an additional 387,347 shares during the period. Prairiewood Capital LLC raised its stake in Blue Owl Capital by 26.1% in the 4th quarter. Prairiewood Capital LLC now owns 471,602 shares of the company’s stock valued at $5,862,000 after acquiring an additional 97,481 shares during the period. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in Blue Owl Capital by 162.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 241,511 shares of the company’s stock valued at $3,002,000 after purchasing an additional 149,609 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.
Blue Owl Capital Company Profile
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.
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