Van ECK Associates Corp Sells 2,984,416 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Van ECK Associates Corp lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,487,712 shares of the company's stock after selling 2,984,416 shares during the quarter. Van ECK Associates Corp owned about 1.15% of Blue Owl Capital worth $67,854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SPC Financial Inc. acquired a new stake in Blue Owl Capital during the third quarter worth $149,000. Cornerstone Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 7.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 34,385 shares of the company's stock valued at $501,000 after purchasing an additional 2,256 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Blue Owl Capital by 3.8% in the 3rd quarter. Naviter Wealth LLC now owns 331,729 shares of the company's stock valued at $4,956,000 after purchasing an additional 12,141 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company's stock valued at $141,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $148,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.5 %

OBDC traded up $0.08 during trading on Monday, reaching $15.38. 2,583,944 shares of the company's stock were exchanged, compared to its average volume of 3,129,870. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a market capitalization of $6.00 billion, a PE ratio of 9.55 and a beta of 0.83. 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 company's fifty day moving average price is $15.09 and its 200-day moving average price is $14.97.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated 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. Royal Bank of Canada reiterated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities upped their price target 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. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.08.

Blue Owl Capital 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.