Stratos Wealth Partners LTD. Trims Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Stratos Wealth Partners LTD. lowered its stake in Blue Owl Capital Co. (NYSE:OBDC) by 89.7% during the fourth quarter, HoldingsChannel reports. The firm owned 26,555 shares of the company’s stock after selling 232,399 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Blue Owl Capital were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of OBDC. Icon Wealth Advisors LLC increased its holdings in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after purchasing an additional 563,800 shares during the period. Van ECK Associates Corp increased its holdings in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Stephens Inc. AR increased its holdings in shares of Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after purchasing an additional 132,386 shares during the period. Finally, Raymond James & Associates grew its holdings 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 acquiring an additional 130,808 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 1.6 %

Shares of NYSE:OBDC opened at $15.33 on Thursday. 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 52-week low of $13.98 and a 52-week high of $16.91. The stock’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $14.97. The company has a market capitalization of $5.98 billion, a P/E ratio of 9.52 and a beta of 0.83.

Analyst Ratings Changes

A number of research analysts recently weighed in on OBDC shares. Wells Fargo & Company upped their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities upped their target price on Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two equities research 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 stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price 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.