Blue Owl Capital Co. (NYSE:OBDC) Receives $16.08 Average Price Target from Analysts

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.08.

A number of research firms recently commented on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, JMP Securities raised their price target on shares of 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.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $15.30 on Friday. The firm has a 50-day moving average of $15.09 and a 200-day moving average of $14.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $5.97 billion, a PE ratio of 9.50 and a beta of 0.83. Blue Owl Capital has a 52-week low of $13.98 and a 52-week high of $16.91.

Institutional Investors Weigh In On Blue Owl Capital

Hedge funds have recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $34,103,000. Raymond James Financial Inc. bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at $28,434,000. Boston Partners increased its stake in shares of Blue Owl Capital by 76.6% in the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock valued at $24,823,000 after acquiring an additional 714,940 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after acquiring an additional 563,800 shares in the last quarter. Finally, Demars Financial Group LLC increased its stake in shares of Blue Owl Capital by 1,517.2% in the 4th quarter. Demars Financial Group LLC now owns 458,665 shares of the company’s stock valued at $6,935,000 after acquiring an additional 430,303 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.