Denali Advisors LLC Trims Stake in Blue Owl Capital Co. (NYSE:OBDC)

Denali Advisors LLC lessened its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 5.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 663,104 shares of the company’s stock after selling 40,690 shares during the quarter. Blue Owl Capital accounts for about 1.1% of Denali Advisors LLC’s holdings, making the stock its 14th biggest position. Denali Advisors LLC’s holdings in Blue Owl Capital were worth $10,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after buying an additional 563,800 shares during the last quarter. Van ECK Associates Corp increased its position in 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 acquiring an additional 347,155 shares during the period. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Stephens Inc. AR lifted its position in Blue Owl Capital by 4.3% during the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after acquiring an additional 132,386 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 89.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock valued at $3,915,000 after purchasing an additional 121,947 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OBDC shares. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company raised their target price 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. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.35 on Wednesday. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 10.03 and a beta of 0.83. The business’s 50 day simple moving average is $15.12 and its 200-day simple moving average is $15.00. 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) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. As a group, equities analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

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.