Blue Owl Capital (NYSE:OBDC) Issues Earnings Results

Blue Owl Capital (NYSE:OBDC) released its earnings results on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million.

Blue Owl Capital Stock Down 0.5 %

Shares of NYSE OBDC traded down $0.08 during mid-day trading on Thursday, reaching $15.56. 344,778 shares of the company’s stock were exchanged, compared to its average volume of 2,874,440. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.68 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The business has a fifty day simple moving average of $15.10 and a 200 day simple moving average of $14.97. Blue Owl Capital has a twelve month low of $13.98 and a twelve month high of $16.91.

Analysts Set New Price Targets

OBDC has been the topic of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. JMP Securities boosted their target price on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

About Blue Owl Capital

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.