Apollon Wealth Management LLC Purchases 9,040 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Apollon Wealth Management LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 8.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 119,056 shares of the company’s stock after acquiring an additional 9,040 shares during the quarter. Apollon Wealth Management LLC’s holdings in Blue Owl Capital were worth $1,800,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Amplius Wealth Advisors LLC lifted its holdings in Blue Owl Capital by 1.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after buying an additional 702 shares during the period. Channel Wealth LLC lifted its stake in shares of Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after purchasing an additional 823 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock valued at $427,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its stake in Blue Owl Capital by 9.5% in the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after purchasing an additional 1,321 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings 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 purchasing an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.4 %

Blue Owl Capital stock opened at $15.07 on Tuesday. The business’s 50-day simple moving average is $15.10 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $5.88 billion, a PE ratio of 9.36 and a beta of 0.83. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Wall Street Analyst Weigh In

OBDC has been the subject of several recent analyst reports. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. 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 research report on Tuesday, October 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. 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, JMP Securities raised their price target on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.