Tectonic Advisors LLC increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 609,881 shares of the company's stock after acquiring an additional 81,389 shares during the period. Tectonic Advisors LLC owned about 0.16% of Blue Owl Capital worth $9,221,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. 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 in the last quarter. Advisors Asset Management Inc. lifted its stake in Blue Owl Capital by 16.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company's stock valued at $4,878,000 after purchasing an additional 48,136 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its position in Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company's stock valued at $3,054,000 after buying an additional 103,123 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after buying an additional 74,959 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $814,000. 42.83% of the stock is owned by institutional investors.
Blue Owl Capital Trading Up 0.2 %
Blue Owl Capital stock traded up $0.03 during mid-day trading on Thursday, hitting $15.05. 2,492,983 shares of the stock were exchanged, compared to its average volume of 3,018,487. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 9.34 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 company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm's fifty day simple moving average is $15.11 and its two-hundred day simple moving average is $14.98.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million for the quarter, compared to the consensus estimate of $399.85 million. During the same period in the prior year, the business earned $0.49 EPS. Analysts forecast that Blue Owl Capital Co. will post 1.89 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on OBDC. Wells Fargo & Company boosted 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. Keefe, Bruyette & Woods restated an "underperform" rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday. 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 report on Tuesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has 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.com, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $16.08.
Get Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital Company Profile
(
Free Report)
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.
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