Stratos Wealth Partners LTD. Reduces Stake in Blue Owl Capital Co. (NYSE:OBDC)

Stratos Wealth Partners LTD. reduced its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 89.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,555 shares of the company's stock after selling 232,399 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Blue Owl Capital were worth $402,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company's stock valued at $112,754,000 after acquiring an additional 347,155 shares during the period. Stephens Inc. AR boosted its holdings in Blue Owl Capital by 4.3% during the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company's stock valued at $46,909,000 after acquiring an additional 132,386 shares during the period. Sound Income Strategies LLC raised its position in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the last quarter. Sage Advisors LLC raised its position in Blue Owl Capital by 3.7% during the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company's stock valued at $29,095,000 after purchasing an additional 71,503 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Blue Owl Capital by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company's stock valued at $26,659,000 after purchasing an additional 24,425 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.5 %

OBDC traded up $0.08 during trading on Friday, hitting $15.38. 2,583,944 shares of the company's stock traded hands, compared to its average volume of 3,129,870. The company's 50 day simple moving average is $15.09 and its two-hundred day simple moving average is $14.97. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 9.55 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company increased 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. JMP Securities increased their target price on Blue Owl Capital from $16.50 to $17.00 and gave the stock a "market outperform" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $16.08.

Blue Owl Capital 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.