Brokerages Set Blue Owl Capital Co. (NYSE:OBDC) Price Target at $16.08

Shares of Blue Owl Capital Co. (NYSE:OBDC) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.08.

Several analysts recently commented on OBDC shares. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective 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. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, JMP Securities lifted their price objective 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.

Institutional Trading of Blue Owl Capital

Several large investors have recently made changes to their positions in OBDC. Fifth Third Bancorp boosted its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Blue Owl Capital in the 4th quarter valued at $48,000. National Bank of Canada FI raised its holdings in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the last quarter. Finally, Westend Capital Management LLC raised its holdings in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 0.5 %

Shares of OBDC opened at $15.38 on Friday. The stock’s 50-day moving average price is $15.09 and its two-hundred day moving average price is $14.97. Blue Owl Capital has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a market capitalization of $6.00 billion, a PE ratio of 9.55 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.

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.