Transcend Capital Advisors LLC cut its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,443,657 shares of the company's stock after selling 169,290 shares during the period. Blue Owl Capital makes up approximately 2.7% of Transcend Capital Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Transcend Capital Advisors LLC owned 0.63% of Blue Owl Capital worth $36,948,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. Atria Wealth Solutions Inc. lifted its position 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 worth $1,014,000 after purchasing an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in shares of Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock worth $615,000 after purchasing an additional 702 shares during the last quarter. Channel Wealth LLC boosted its holdings in shares of Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock valued at $673,000 after buying an additional 823 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock worth $222,000 after acquiring an additional 1,321 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms recently commented on OBDC. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, 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 report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $16.08.
View Our Latest Stock Analysis on OBDC
Blue Owl Capital Price Performance
Shares of NYSE OBDC traded down $0.05 during mid-day trading on Tuesday, hitting $15.35. 4,258,905 shares of the stock traded hands, compared to its average volume of 3,042,698. The firm has a 50 day simple moving average of $15.12 and a two-hundred day simple moving average of $14.99. The company has a market cap of $5.99 billion, a PE ratio of 10.03 and a beta of 0.83. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly 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 firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, equities research analysts forecast 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 of this dividend is Friday, February 28th. Blue Owl Capital's dividend payout ratio is currently 96.73%.
About Blue Owl Capital
(
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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