Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Fortem Financial Group LLC

Fortem Financial Group LLC reduced its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,969 shares of the company’s stock after selling 36,454 shares during the period. Fortem Financial Group LLC’s holdings in Blue Owl Capital were worth $1,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nomura Asset Management Co. Ltd. lifted its position in shares of Blue Owl Capital by 112.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,719 shares of the company’s stock worth $185,000 after buying an additional 6,738 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in Blue Owl Capital by 82.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 61,456 shares of the company’s stock worth $895,000 after buying an additional 27,745 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Blue Owl Capital by 24.3% during the 3rd quarter. MML Investors Services LLC now owns 28,277 shares of the company’s stock worth $412,000 after purchasing an additional 5,533 shares during the period. Northeast Financial Consultants Inc acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth $262,000. Finally, National Bank of Canada FI grew its stake in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on OBDC. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company increased 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. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.07.

Blue Owl Capital Stock Up 0.4 %

NYSE:OBDC opened at $15.41 on Wednesday. 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 $6.01 billion, a PE ratio of 9.57 and a beta of 0.85. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The stock has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $15.21.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.60%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s payout ratio is currently 91.93%.

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.