Avidian Wealth Enterprises LLC Sells 1,858 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Avidian Wealth Enterprises LLC decreased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,048 shares of the company’s stock after selling 1,858 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Blue Owl Capital were worth $152,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $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% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares during the period. nVerses Capital LLC lifted its holdings 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 purchasing an additional 1,600 shares in the last quarter. Finally, SPC Financial Inc. bought a new stake in Blue Owl Capital during the 3rd quarter valued at $149,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.5 %

OBDC stock opened at $15.38 on Friday. The stock has a market cap of $6.00 billion, a P/E ratio of 9.55 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 stock’s fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $14.98. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

Analysts Set New Price Targets

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