Blue Owl Capital (NYSE:OBDC) Upgraded at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC) was upgraded by stock analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a $15.00 target price on the stock, up from their previous target price of $14.00. Wells Fargo & Company‘s price target would suggest a potential upside of 0.64% from the stock’s current price.

OBDC has been the topic of several other reports. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $14.91 on Monday. Blue Owl Capital has a 12-month low of $13.98 and a 12-month high of $16.91. The stock has a market capitalization of $7.61 billion, a P/E ratio of 9.74 and a beta of 0.85. The firm’s 50-day moving average is $15.00 and its two-hundred day moving average is $15.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Equities analysts predict that Blue Owl Capital will post 1.71 earnings per share for the current year.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Institutional Trading of Blue Owl Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. increased its stake in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after buying an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC increased its stake in Blue Owl Capital by 1.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock valued at $615,000 after purchasing an additional 702 shares during the last quarter. Channel Wealth LLC increased its stake in Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after purchasing an additional 823 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Company Profile

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.