Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,140 shares of the company's stock after selling 179,252 shares during the period. Concurrent Investment Advisors LLC owned approximately 0.05% of Blue Owl Capital worth $3,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OBDC. Ieq Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at $1,010,000. Pasadena Private Wealth LLC boosted its position in shares of Blue Owl Capital by 79.6% during the 4th quarter. Pasadena Private Wealth LLC now owns 34,395 shares of the company's stock valued at $520,000 after acquiring an additional 15,244 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after purchasing an additional 685 shares during the period. Venturi Wealth Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $77,000. Finally, D.A. Davidson & CO. raised its stake in Blue Owl Capital by 3.1% during the fourth quarter. D.A. Davidson & CO. now owns 377,811 shares of the company's stock worth $5,713,000 after purchasing an additional 11,270 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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Blue Owl Capital Trading Down 0.2 %

Shares of OBDC traded down $0.03 during midday trading on Tuesday, hitting $15.37. 2,642,251 shares of the stock were exchanged, compared to its average volume of 2,991,347. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $14.99. The firm has a market cap of $6.00 billion, a P/E ratio of 10.05 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday. Wells Fargo & Company increased their price objective 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 reissued an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target 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.