Concurrent Investment Advisors LLC Sells 142,092 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Concurrent Investment Advisors LLC cut its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 383,392 shares of the company’s stock after selling 142,092 shares during the period. Concurrent Investment Advisors LLC owned 0.10% of Blue Owl Capital worth $5,586,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares during the last quarter. LSV Asset Management grew its holdings in Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after buying an additional 423,934 shares in the last quarter. Stephens Inc. AR increased its stake in Blue Owl Capital by 4.3% in 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 last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 4.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after acquiring an additional 130,181 shares in the last quarter. Finally, Sage Advisors LLC grew its holdings in shares of Blue Owl Capital by 6.7% in the second quarter. Sage Advisors LLC now owns 1,925,424 shares of the company’s stock valued at $29,575,000 after purchasing an additional 120,115 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Wells Fargo & Company raised their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Blue Owl Capital Trading Up 3.2 %

OBDC stock opened at $15.13 on Thursday. The company has a market capitalization of $5.90 billion, a PE ratio of 8.45 and a beta of 0.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. Blue Owl Capital Co. has a 12 month low of $13.83 and a 12 month high of $16.91. The firm’s 50-day moving average is $14.90 and its 200 day moving average is $15.41.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.91 EPS for the current year.

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.