Keefe, Bruyette & Woods Lowers Blue Owl Capital (NYSE:OBDC) Price Target to $12.50

Blue Owl Capital (NYSE:OBDC) had its target price reduced by investment analysts at Keefe, Bruyette & Woods from $13.50 to $12.50 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 7.97% from the company’s current price.

OBDC has been the subject of a number of other research reports. Truist Financial dropped their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Citizens Jmp reduced their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada dropped their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Wells Fargo & Company reduced their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Two equities research 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 given a Sell rating to the company. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $14.06.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $11.58 on Monday. The company has a market capitalization of $5.78 billion, a PE ratio of 9.16 and a beta of 0.67. The company has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $12.90. Blue Owl Capital has a one year low of $10.70 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%. Research analysts expect that Blue Owl Capital will post 1.71 EPS for the current fiscal year.

Blue Owl Capital announced that its board has approved a share repurchase plan on Wednesday, February 18th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Blue Owl Capital

In other news, VP Neena Reddy acquired 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $13.06 per share, with a total value of $103,043.40. Following the completion of the acquisition, the vice president owned 7,890 shares in the company, valued at $103,043.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Blue Owl Capital

Several hedge funds have recently added to or reduced their stakes in the business. Caz Investments LP purchased a new position in Blue Owl Capital during the third quarter worth about $14,357,000. Border to Coast Pensions Partnership Ltd increased its position in shares of Blue Owl Capital by 19.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,550,000 shares of the company’s stock valued at $19,793,000 after purchasing an additional 250,000 shares during the period. Ares Management LLC lifted its position in shares of Blue Owl Capital by 6.5% during the 2nd quarter. Ares Management LLC now owns 2,487,964 shares of the company’s stock valued at $35,677,000 after acquiring an additional 151,142 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Blue Owl Capital by 144.9% during the third quarter. Arkadios Wealth Advisors now owns 389,245 shares of the company’s stock valued at $4,971,000 after buying an additional 230,295 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Blue Owl Capital during the third quarter worth $1,671,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.