Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC grew its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 79.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,395 shares of the company’s stock after buying an additional 15,244 shares during the period. Pasadena Private Wealth LLC’s holdings in Blue Owl Capital were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Icon Wealth Advisors LLC lifted its position in Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after acquiring an additional 563,800 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Blue Owl Capital by 4.9% during 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 period. Sound Income Strategies LLC grew its position in Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after buying an additional 182,002 shares during 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 valued at $46,909,000 after buying an additional 132,386 shares during the period. Finally, Raymond James & Associates raised its position in Blue Owl Capital by 15.9% during the 3rd quarter. Raymond James & Associates now owns 955,598 shares of the company’s stock worth $13,923,000 after buying an additional 130,808 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $15.57 on Wednesday. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a market capitalization of $6.07 billion, a P/E ratio of 9.67 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $14.97.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of recent analyst reports. JMP Securities boosted 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 note on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Wells Fargo & Company boosted 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 report on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.08.

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.