Overview
Specialty finance company reported Q4 adjusted NII per share consistent with prior quarter
Company's NAV per share declined due to credit-related markdowns
Company had announced new $300 mln share repurchase program
Result Drivers
CREDIT MARKDOWNS - NAV per share decreased due to credit-related markdowns on a small number of names
ASSET SALES - Company sold $1.4 bln of investments to institutional investors to reduce leverage and increase portfolio diversity
SHARE REPURCHASES - Repurchased $148 mln of stock, accretive to NAV per share
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Asset Value Per Share | $14.81 |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Blue Owl Capital Corp is $15.00, about 31.2% above its February 17 closing price of $11.43
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: ID:nPndW9xZa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)