Sumitomo Mitsui Trust Group Inc. Sells 60,658 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 551,955 shares of the company’s stock after selling 60,658 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.14% of Blue Owl Capital worth $8,346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SPC Financial Inc. purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $149,000. Cornerstone Wealth Management LLC grew its holdings in Blue Owl Capital by 7.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 34,385 shares of the company’s stock worth $501,000 after acquiring an additional 2,256 shares during the last quarter. Naviter Wealth LLC grew its holdings in Blue Owl Capital by 3.8% in the 3rd quarter. Naviter Wealth LLC now owns 331,729 shares of the company’s stock worth $4,956,000 after acquiring an additional 12,141 shares during the last quarter. nVerses Capital LLC grew its holdings in 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 during the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $148,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. JMP Securities boosted 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 report on Tuesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Two investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Up 1.6 %

Shares of Blue Owl Capital stock opened at $15.33 on Thursday. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 9.52 and a beta of 0.83. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day moving average is $15.09 and its two-hundred day moving average is $14.97.

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.