Blue Owl Capital Co. (NYSE:OBDC) Stake Cut by abrdn plc

abrdn plc lessened its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,939 shares of the company’s stock after selling 13,074 shares during the quarter. abrdn plc’s holdings in Blue Owl Capital were worth $2,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after acquiring an additional 1,922 shares during the period. National Bank of Canada FI boosted its stake in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after purchasing an additional 2,460 shares in the last quarter. Westend Capital Management LLC increased its position in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after purchasing an additional 1,784 shares during the period. nVerses Capital LLC raised its stake in shares of Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after buying an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Blue Owl Capital in the third quarter valued at $148,000. Institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on OBDC. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report 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. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, JMP Securities lifted their price objective on shares of Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Stock Up 0.4 %

Shares of OBDC stock opened at $15.07 on Tuesday. The firm’s fifty day moving average price is $15.10 and its two-hundred day moving average price is $14.97. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The firm has a market capitalization of $5.88 billion, a P/E ratio of 9.36 and a beta of 0.83.

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.