Tectonic Advisors LLC Grows Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Tectonic Advisors LLC boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,881 shares of the company’s stock after buying an additional 81,389 shares during the quarter. Tectonic Advisors LLC’s holdings in Blue Owl Capital were worth $9,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Icon Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares during the period. Van ECK Associates Corp boosted its position in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after buying an additional 347,155 shares during the period. Sound Income Strategies LLC grew its stake in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after buying an additional 182,002 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Blue Owl Capital in the second quarter worth approximately $2,667,000. Finally, Stephens Inc. AR lifted its stake in shares of Blue Owl Capital by 4.3% during the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after acquiring an additional 132,386 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $15.10 on Wednesday. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 9.38 and a beta of 0.83. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $15.11 and its 200 day moving average is $14.98.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The company had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several research analyst reports. JMP Securities upped their price objective on Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. 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 research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down previously 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 issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.