Sumitomo Mitsui Trust Group Inc. Has $8.35 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Sumitomo Mitsui Trust Group Inc. lessened its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,955 shares of the company's stock after selling 60,658 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of Blue Owl Capital worth $8,346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Blue Owl Capital by 4.9% in 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 last quarter. Stephens Inc. AR boosted its stake in shares of Blue Owl Capital by 4.3% in the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company's stock valued at $46,909,000 after purchasing an additional 132,386 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of 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 purchasing an additional 182,002 shares during the last quarter. Sage Advisors LLC boosted its stake in shares of Blue Owl Capital by 3.7% in 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 boosted its stake in shares of Blue Owl Capital by 1.4% in 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. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Up 0.5 %

OBDC stock traded up $0.08 during mid-day trading on Friday, hitting $15.38. 2,583,944 shares of the company were exchanged, compared to its average volume of 3,129,870. 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 cap of $6.00 billion, a P/E ratio of 9.55 and a beta of 0.83. The firm's 50 day simple moving average is $15.09 and its 200 day simple moving average is $14.97. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

Analyst Upgrades and Downgrades

OBDC has been the topic of several recent research reports. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities lifted their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a "market outperform" rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods reissued an "underperform" rating and set a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target 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.