Blue Owl Capital (NYSE:OBDC – Get a Free Report)The rating of shares was reiterated by analysts at Royal Bank of Canada as “Outperform” in a research report published on Monday, reports Benzinga. Currently, the price target for the stock is $17.00. Royal Bank of Canada’s price target suggests a potential upside of 18.72% from the company’s current price.
Several other brokerage firms have also recently commented on OBDC. Hovde Group increased their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 10. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $15.50 to $14.00 and gave the company an “underweight” rating in a report on Friday, August 9. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9. Keefe, Bruyette & Woods reiterated a “market perform” rating and gave a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 23. Finally, Truist Financial decreased their price target on Blue Owl Capital from $18.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 9. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.00.
Check out our latest analysis on Blue Owl Capital
Blue Owl Capital trading down 0.4%
NYSE OBDC opened at $14.32 on Monday. Blue Owl Capital has a 12-month low of $12.99 and a 12-month high of $16.91. The company has a liquidity of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average price is $15.49 and its 200-day moving average price is $15.53. The stock has a market cap of $5.58 billion, a P/E ratio of 7.23 and a beta of 0.87.
Institutional trading by Blue Owl Capital
Large investors have recently changed their hold on the company. State of New Jersey Common Pension Fund E acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $335,810,000. Van ECK Associates Corp acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $100,726,000. Transcend Capital Advisors LLC acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $56,354,000. LSV Asset Management acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $51,197,000. Finally, Hamilton Lane Advisors LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $47,997,000. Institutional investors own 42.83% of the company’s stock.
About Blue Owl Capital
(Get free report)
Blue Owl Capital Corporation is a business development firm specializing in direct and fund of funds investments. The fund invests in senior secured, direct or unsecured loans, subordinated loans or mezzanine loans and also considers equity-like securities, including warrants and preferred stock. It also seeks preferred equity investments, senior, unitranche and second lien loans, and common equity investments.
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