Van ECK Associates Corp Has $67.85 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Van ECK Associates Corp trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 39.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,487,712 shares of the company’s stock after selling 2,984,416 shares during the quarter. Van ECK Associates Corp owned 1.15% of Blue Owl Capital worth $67,854,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OBDC. Fifth Third Bancorp raised its position in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares during the period. National Bank of Canada FI grew its holdings in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC grew its holdings in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. nVerses Capital LLC grew its holdings in Blue Owl Capital by 19.8% during the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after buying an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in Blue Owl Capital during the third quarter worth $148,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 0.2 %

Shares of NYSE:OBDC opened at $15.30 on Friday. The company has a market capitalization of $5.97 billion, a PE ratio of 9.50 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 business has a fifty day moving average price of $15.09 and a two-hundred day moving average price of $14.98. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. 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 note on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

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.