Tectonic Advisors LLC Raises Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Tectonic Advisors LLC increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 609,881 shares of the company’s stock after purchasing an additional 81,389 shares during the quarter. Tectonic Advisors LLC owned 0.16% of Blue Owl Capital worth $9,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of OBDC. Sound Income Strategies LLC lifted its holdings in shares of Blue Owl Capital by 6.4% during the 4th 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 period. Advisors Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after buying an additional 48,136 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its holdings in Blue Owl Capital by 96.8% during the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after buying an additional 103,123 shares during the last quarter. Franklin Resources Inc. raised its position in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after acquiring an additional 74,959 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $814,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC 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. The firm has a fifty day moving average price of $15.11 and a 200 day moving average price of $14.98. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $406.03 million for the quarter, compared to analysts’ expectations of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, sell-side analysts expect that Blue Owl Capital Co. will post 1.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on OBDC. JMP Securities lifted their target price on Blue Owl Capital from $16.50 to $17.00 and gave the company a “market outperform” rating in a research report on Tuesday. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average 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.