Blue Owl Capital (NYSE:OBDC) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Blue Owl Capital (NYSE:OBDC) issued its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01, FiscalAI reports. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The company had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.12 during midday trading on Wednesday, reaching $11.55. 6,326,950 shares of the company were exchanged, compared to its average volume of 5,393,921. The stock’s 50-day moving average price is $12.34 and its 200-day moving average price is $12.96. The stock has a market cap of $5.90 billion, a P/E ratio of 8.19 and a beta of 0.67. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a one year low of $10.70 and a one year high of $15.73.

Insider Buying and Selling at Blue Owl Capital

In other news, VP Neena Reddy bought 7,890 shares of the stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares in the company, valued at approximately $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of Blue Owl Capital

Several institutional investors have recently added to or reduced their stakes in OBDC. Bank of America Corp DE lifted its holdings in Blue Owl Capital by 6.5% in the third quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock valued at $169,527,000 after buying an additional 811,973 shares during the period. UBS Group AG boosted its position in shares of Blue Owl Capital by 12.7% during the 3rd quarter. UBS Group AG now owns 6,065,592 shares of the company’s stock worth $77,458,000 after purchasing an additional 681,444 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Blue Owl Capital by 13.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock valued at $69,005,000 after buying an additional 659,025 shares during the period. Wells Fargo & Company MN boosted its holdings in Blue Owl Capital by 142.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after acquiring an additional 2,022,806 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Blue Owl Capital by 33.9% in the fourth quarter. JPMorgan Chase & Co. now owns 3,264,709 shares of the company’s stock worth $40,580,000 after acquiring an additional 826,376 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Citizens Jmp reduced their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.21.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.