Arcus Capital Partners LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Arcus Capital Partners LLC bought a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,738 shares of the company's stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. Fifth Third Bancorp boosted its position in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares in the last quarter. National Bank of Canada FI boosted its holdings in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock worth $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC grew its position in Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after buying an additional 1,784 shares during the last quarter. nVerses Capital LLC increased its holdings in shares of Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company's stock valued at $141,000 after buying an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $148,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 1.1 %

Shares of NYSE OBDC traded up $0.18 during mid-day trading on Tuesday, reaching $15.57. The company had a trading volume of 2,278,103 shares, compared to its average volume of 2,946,909. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.67 and a beta of 0.83. The stock has a fifty day moving average of $15.09 and a two-hundred day moving average of $14.97. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OBDC shares. JMP Securities lifted their target price on Blue Owl Capital from $16.50 to $17.00 and gave the stock a "market outperform" rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $16.08.

Blue Owl Capital Company Profile

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.