Denali Advisors LLC Sells 40,690 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Denali Advisors LLC decreased its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663,104 shares of the company's stock after selling 40,690 shares during the period. Blue Owl Capital makes up about 1.1% of Denali Advisors LLC's holdings, making the stock its 14th biggest holding. Denali Advisors LLC owned approximately 0.17% of Blue Owl Capital worth $10,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OBDC. Atria Wealth Solutions Inc. boosted its position in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after buying an additional 685 shares during the period. Amplius Wealth Advisors LLC boosted its position in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock valued at $615,000 after buying an additional 702 shares during the period. Channel Wealth LLC boosted its position in Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock valued at $673,000 after buying an additional 823 shares during the period. Gilbert & Cook Inc. boosted its position in Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock valued at $427,000 after buying an additional 1,000 shares during the period. Finally, Blue Trust Inc. boosted its position in Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after buying an additional 1,321 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

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Blue Owl Capital Trading Up 1.8 %

NYSE OBDC traded up $0.27 during trading on Friday, hitting $15.45. The company had a trading volume of 4,908,293 shares, compared to its average volume of 3,137,998. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 10.10 and a beta of 0.83. The company's fifty day moving average is $15.13 and its 200-day moving average is $15.00.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital's payout ratio is 96.73%.

Analyst Upgrades and Downgrades

OBDC has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.