Blue Owl Capital (NYSE:OBDC) Price Target Cut to $12.00 by Analysts at Wells Fargo & Company

Blue Owl Capital (NYSE:OBDC) had its target price lowered by equities research analysts at Wells Fargo & Company from $13.00 to $12.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 0.21% from the company’s previous close.

Several other research firms also recently weighed in on OBDC. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Citizens Jmp lowered their price target 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. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.94.

Blue Owl Capital Trading Down 0.6%

OBDC stock traded down $0.08 during trading on Friday, hitting $12.03. The company had a trading volume of 3,645,071 shares, compared to its average volume of 3,539,446. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $6.15 billion, a P/E ratio of 8.54 and a beta of 0.74. The company has a 50 day simple moving average of $13.26 and a 200-day simple moving average of $14.01. Blue Owl Capital has a 52-week low of $11.94 and a 52-week high of $15.73.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.76% and a net margin of 36.89%.The company had revenue of $453.07 million for the quarter, compared to analysts’ expectations of $466.81 million. As a group, research analysts forecast that Blue Owl Capital will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Blue Owl Capital

A number of large investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its position in shares of Blue Owl Capital by 168.9% during the third quarter. Wealthcare Advisory Partners LLC now owns 72,157 shares of the company’s stock worth $921,000 after acquiring an additional 45,320 shares during the last quarter. Rothschild Investment LLC grew its position in Blue Owl Capital by 3.8% in the third quarter. Rothschild Investment LLC now owns 111,848 shares of the company’s stock worth $1,428,000 after buying an additional 4,049 shares during the last quarter. M&G PLC lifted its position in shares of Blue Owl Capital by 7.6% during the 3rd quarter. M&G PLC now owns 352,000 shares of the company’s stock valued at $4,576,000 after acquiring an additional 25,000 shares during the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Blue Owl Capital by 133.5% during the 3rd quarter. Texas Yale Capital Corp. now owns 52,030 shares of the company’s stock worth $664,000 after acquiring an additional 29,750 shares in the last quarter. Finally, Capital Planning Advisors LLC grew its holdings in shares of Blue Owl Capital by 4.5% in the 3rd quarter. Capital Planning Advisors LLC now owns 37,647 shares of the company’s stock worth $481,000 after acquiring an additional 1,618 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.