Strid Group LLC Buys New Position in Blue Owl Capital Co. (NYSE:OBDC)

Strid Group LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,799 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its position in Blue Owl Capital by 8.2% during the fourth quarter. Apollon Wealth Management LLC now owns 119,056 shares of the company’s stock valued at $1,800,000 after purchasing an additional 9,040 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in shares of Blue Owl Capital by 15.4% in the 4th quarter. Tectonic Advisors LLC now owns 609,881 shares of the company’s stock valued at $9,221,000 after buying an additional 81,389 shares during the last quarter. Hager Investment Management Services LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $232,000. MAS Advisors LLC increased its holdings in Blue Owl Capital by 16.0% during the fourth quarter. MAS Advisors LLC now owns 19,608 shares of the company’s stock worth $296,000 after buying an additional 2,707 shares during the last quarter. Finally, Magnolia Capital Advisors LLC raised its position in Blue Owl Capital by 5.8% during the fourth quarter. Magnolia Capital Advisors LLC now owns 85,858 shares of the company’s stock worth $1,298,000 after acquiring an additional 4,687 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

OBDC stock opened at $15.00 on Friday. The company’s 50-day moving average price is $15.11 and its two-hundred day moving average price is $14.98. The firm has a market cap of $5.85 billion, a P/E ratio of 9.32 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $406.03 million during the quarter, compared to analyst estimates of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same period in the prior year, the business posted $0.49 EPS. On average, analysts anticipate that Blue Owl Capital Co. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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 research report on Tuesday. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. 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 report on Tuesday, October 29th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus 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.