Concurrent Investment Advisors LLC Reduces Stake in Blue Owl Capital Co. (NYSE:OBDC)

Concurrent Investment Advisors LLC lessened its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 383,392 shares of the company's stock after selling 142,092 shares during the quarter. Concurrent Investment Advisors LLC owned 0.10% of Blue Owl Capital worth $5,586,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Atomi Financial Group Inc. lifted its stake in shares of Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock valued at $215,000 after acquiring an additional 733 shares during the period. Strategies Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 2.7% in the 2nd quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock valued at $434,000 after purchasing an additional 745 shares during the period. Intellectus Partners LLC increased its position in shares of Blue Owl Capital by 0.7% during the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after acquiring an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of Blue Owl Capital by 2.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after buying an additional 881 shares during the period. Finally, CWM LLC grew its position in Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 1.7 %

OBDC traded down $0.26 during trading on Thursday, reaching $14.86. 1,724,169 shares of the stock traded hands, compared to its average volume of 1,950,488. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.80 billion, a PE ratio of 8.45 and a beta of 0.86. The stock's 50-day moving average is $14.90 and its 200 day moving average is $15.41. Blue Owl Capital Co. has a 12 month low of $13.84 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The business had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Equities analysts anticipate that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company's stock, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on OBDC shares. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating on the stock in a research report on Tuesday, August 20th. Raymond James downgraded shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Finally, Truist Financial cut their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.