Blue Owl Capital (NYSE:OBDC) Announces Earnings Results

Blue Owl Capital (NYSE:OBDC) issued its quarterly earnings data on Wednesday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, Zacks reports. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. The firm had revenue of $387.00 million during the quarter, compared to analyst estimates of $383.82 million.

Blue Owl Capital Stock Performance

Shares of OBDC traded up $0.27 during mid-day trading on Wednesday, hitting $10.77. The stock had a trading volume of 3,970,141 shares, compared to its average volume of 4,091,157. Blue Owl Capital has a fifty-two week low of $9.81 and a fifty-two week high of $13.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $5.31 billion, a PE ratio of 19.24 and a beta of 0.66. The company’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $11.14.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OBDC shares. Capital One Financial set a $13.00 price target on shares of Blue Owl Capital in a research report on Friday, July 24th. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Raymond James Financial set a $11.00 price objective on shares of Blue Owl Capital in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $12.57.

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.