Transcend Capital Advisors LLC Trims Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Transcend Capital Advisors LLC decreased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,443,657 shares of the company’s stock after selling 169,290 shares during the period. Blue Owl Capital accounts for approximately 2.7% of Transcend Capital Advisors LLC’s holdings, making the stock its 3rd biggest holding. Transcend Capital Advisors LLC owned 0.63% of Blue Owl Capital worth $36,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OBDC. Raymond James & Associates boosted its stake in Blue Owl Capital by 15.9% during the third 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 period. Private Advisor Group LLC boosted its stake in shares of Blue Owl Capital by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 153,811 shares of the company’s stock worth $2,241,000 after purchasing an additional 5,993 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth about $12,810,000. Hennion & Walsh Asset Management Inc. grew its holdings in Blue Owl Capital by 8.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 235,890 shares of the company’s stock valued at $3,437,000 after purchasing an additional 19,177 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Blue Owl Capital by 21.5% in the third quarter. Tectonic Advisors LLC now owns 528,492 shares of the company’s stock worth $7,700,000 after purchasing an additional 93,478 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the topic of a number of analyst reports. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, JMP Securities lifted their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Performance

OBDC stock opened at $15.53 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business has a 50-day moving average price of $15.11 and a 200 day moving average price of $14.98. The company has a market capitalization of $6.06 billion, a P/E ratio of 10.15 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 announced its quarterly earnings results 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. The firm had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.36%. As a group, equities research analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s payout ratio is 96.73%.

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.