Legacy Capital Wealth Partners LLC Sells 112,222 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Legacy Capital Wealth Partners LLC cut its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 53.5% in the fourth quarter, HoldingsChannel reports. The firm owned 97,395 shares of the company’s stock after selling 112,222 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Blue Owl Capital were worth $1,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp raised its position in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares in the last quarter. National Bank of Canada FI raised its position in shares of Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its position in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. nVerses Capital LLC raised its position 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 acquiring an additional 1,600 shares in the last quarter. Finally, Balboa Wealth Partners bought a new position in shares of Blue Owl Capital in the 3rd quarter worth $169,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.5 %

Blue Owl Capital stock opened at $15.38 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $15.09 and its two-hundred day simple moving average is $14.97. The company has a market cap of $6.00 billion, a PE ratio of 9.55 and a beta of 0.83. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OBDC. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities boosted their price target on 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. Wells Fargo & Company boosted their price target 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. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital 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.