Blue Owl Capital (NYSE:OBDC) Given New $12.00 Price Target at Wells Fargo & Company

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

Other equities analysts have also recently issued reports about the company. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Citizens Jmp dropped their price objective on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.94.

Blue Owl Capital Stock Performance

NYSE:OBDC traded down $0.08 during mid-day trading on Friday, reaching $12.03. 3,645,071 shares of the stock were exchanged, compared to its average volume of 3,539,446. The stock has a market capitalization of $6.15 billion, a P/E ratio of 8.54 and a beta of 0.74. Blue Owl Capital has a 1 year low of $11.94 and a 1 year high of $15.73. The company has a 50 day simple moving average of $13.26 and a 200-day simple moving average of $14.01. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20.

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

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in Blue Owl Capital during the first quarter valued at $183,000. Bank of New York Mellon Corp raised its position in Blue Owl Capital by 44.5% in the first quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company’s stock worth $1,706,000 after acquiring an additional 35,820 shares during the period. Financial Counselors Inc. bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $282,000. Stratos Wealth Partners LTD. increased its stake in shares of Blue Owl Capital by 7.6% in the 1st quarter. Stratos Wealth Partners LTD. now owns 28,575 shares of the company’s stock worth $419,000 after purchasing an additional 2,020 shares in the last quarter. Finally, CFO4Life Group LLC lifted its position in Blue Owl Capital by 60.9% during the first quarter. CFO4Life Group LLC now owns 22,336 shares of the company’s stock valued at $327,000 after purchasing an additional 8,450 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

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.