Blue Owl Capital (NYSE:OBDC – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01, Zacks reports. The firm had revenue of $387.00 million for the quarter, compared to analysts’ expectations of $383.82 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.
Blue Owl Capital Stock Performance
Shares of OBDC traded up $0.27 during mid-day trading on Wednesday, reaching $10.77. 3,970,141 shares of the company’s stock traded hands, compared to its average volume of 4,091,157. The stock has a market capitalization of $5.31 billion, a P/E ratio of 19.24 and a beta of 0.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. Blue Owl Capital has a 12 month low of $9.81 and a 12 month high of $13.57. The business’s 50-day moving average price is $10.66 and its 200-day moving average price is $11.14.
Analyst Upgrades and Downgrades
Several research firms have issued reports on OBDC. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. 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 target price on shares of Blue Owl Capital in a report on Friday, July 24th. Finally, Raymond James Financial set a $11.00 price objective on shares of Blue Owl Capital in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $12.57.
Check Out Our Latest Stock Report on OBDC
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.
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