Legacy Capital Wealth Partners LLC Sells 112,222 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Legacy Capital Wealth Partners LLC lessened its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,395 shares of the company's stock after selling 112,222 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Blue Owl Capital were worth $1,473,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OBDC. Icon Wealth Advisors LLC boosted its holdings in Blue Owl Capital by 3,524.0% during the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock valued at $8,448,000 after acquiring an additional 563,800 shares during the period. Van ECK Associates Corp boosted its stake 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 purchasing an additional 347,155 shares during the period. Sound Income Strategies LLC grew its holdings in Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after buying an additional 182,002 shares during the last quarter. Stephens Inc. AR increased its position in Blue Owl Capital by 4.3% in the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company's stock worth $46,909,000 after buying an additional 132,386 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Blue Owl Capital by 15.9% during the third quarter. Raymond James & Associates now owns 955,598 shares of the company's stock worth $13,923,000 after buying an additional 130,808 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of research reports. JMP Securities boosted their target price on shares of 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. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated an "underperform" rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two 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 given a strong buy rating to the company's stock. According to MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and an average target price of $16.08.

Blue Owl Capital Price Performance

Shares of OBDC stock traded up $0.08 during trading hours on Wednesday, hitting $15.65. The company had a trading volume of 3,147,644 shares, compared to its average volume of 2,953,171. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 9.72 and a beta of 0.83. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The firm's fifty day moving average is $15.10 and its 200 day moving average is $14.97.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data 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. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.89 EPS for the current fiscal year.

About Blue Owl Capital

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.