Arcus Capital Partners LLC Buys Shares of 25,738 Blue Owl Capital Co. (NYSE:OBDC)

Arcus Capital Partners LLC purchased a new position in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 25,738 shares of the company’s stock, valued at approximately $396,000.

Several other institutional investors and hedge funds have also made changes to their positions in OBDC. Fifth Third Bancorp boosted its stake in Blue Owl Capital by 192.2% during the fourth 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 raised its position in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its position in Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. nVerses Capital LLC raised its position in Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $148,000. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OBDC. Wells Fargo & Company boosted their target price on shares of 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 issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities boosted their target price on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.30 on Friday. The company has a market cap of $5.97 billion, a P/E ratio of 9.50 and a beta of 0.83. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month 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 fifty day moving average is $15.09 and its two-hundred day moving average is $14.98.

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.