Blue Owl Capital posts Q4 NII per share of $0.38

Reuters
Feb 19
<a href="https://laohu8.com/S/OBDE">Blue Owl</a> Capital posts Q4 NII per share of $0.38

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.)

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