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

Blue Owl Capital (NYSE:OBDC) issued its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01, Zacks reports. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%.

Blue Owl Capital Stock Up 0.5 %

OBDC traded up $0.08 during trading on Wednesday, hitting $15.65. The company had a trading volume of 3,146,715 shares, compared to its average volume of 2,953,149. The company has a market capitalization of $6.11 billion, a PE ratio of 9.72 and a beta of 0.83. Blue Owl Capital has a one year low of $13.98 and a one year high of $16.91. The firm’s 50-day moving average price is $15.09 and its 200 day moving average price is $14.97. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 target price (down previously 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 report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, JMP Securities lifted 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $16.08.

About Blue Owl Capital

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.