Sage Advisors LLC Purchases 78,403 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Sage Advisors LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,075,330 shares of the company's stock after acquiring an additional 78,403 shares during the period. Blue Owl Capital comprises approximately 23.4% of Sage Advisors LLC's holdings, making the stock its largest holding. Sage Advisors LLC owned about 0.53% of Blue Owl Capital worth $31,379,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after acquiring an additional 1,922 shares during the period. National Bank of Canada FI boosted its position in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock valued at $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC grew its stake in Blue Owl Capital by 58.8% during the 4th 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 lifted its stake in 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 during the last quarter. Finally, SPC Financial Inc. bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $149,000. 42.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Stock Up 0.5 %

Shares of Blue Owl Capital stock traded up $0.08 during midday trading on Wednesday, hitting $15.65. The company's stock had a trading volume of 3,147,644 shares, compared to its average volume of 2,953,171. The firm has a market capitalization of $6.11 billion, a P/E ratio of 9.72 and a beta of 0.83. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a 50-day simple moving average of $15.10 and a 200-day simple moving average of $14.97.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. As a group, sell-side analysts expect that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

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.