Concurrent Investment Advisors LLC Has $3.09 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Concurrent Investment Advisors LLC lessened its stake in Blue Owl Capital Co. (NYSE:OBDC) by 46.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,140 shares of the company’s stock after selling 179,252 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.05% of Blue Owl Capital worth $3,087,000 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. Ieq Capital LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $1,010,000. Pasadena Private Wealth LLC boosted its stake in shares of Blue Owl Capital by 79.6% in the 4th quarter. Pasadena Private Wealth LLC now owns 34,395 shares of the company’s stock valued at $520,000 after purchasing an additional 15,244 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after purchasing an additional 685 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Blue Owl Capital in the 4th quarter valued at about $77,000. Finally, D.A. Davidson & CO. boosted its stake in shares of Blue Owl Capital by 3.1% in the 4th quarter. D.A. Davidson & CO. now owns 377,811 shares of the company’s stock valued at $5,713,000 after purchasing an additional 11,270 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.7 %

Blue Owl Capital stock opened at $15.53 on Friday. The company’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $14.98. 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 $6.06 billion, a price-to-earnings ratio of 9.64 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. The business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. As a group, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s payout ratio is currently 91.93%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities raised their target price on shares of Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a research note on Tuesday, February 4th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reaffirmed 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.08.

About Blue Owl Capital

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.