Fortem Financial Group LLC Acquires 4,916 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Fortem Financial Group LLC grew its stake in Blue Owl Capital Co. (NYSE:OBDC) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,885 shares of the company’s stock after buying an additional 4,916 shares during the quarter. Fortem Financial Group LLC’s holdings in Blue Owl Capital were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Gilbert & Cook Inc. raised its holdings in shares of Blue Owl Capital by 3.5% in 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 during the last quarter. Certuity LLC increased its stake in Blue Owl Capital by 1.8% in the 2nd quarter. Certuity LLC now owns 62,858 shares of the company’s stock valued at $965,000 after buying an additional 1,083 shares during the last quarter. Insigneo Advisory Services LLC lifted its position in Blue Owl Capital by 1.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock worth $978,000 after buying an additional 1,104 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after buying an additional 1,600 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 9.2% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 19,037 shares of the company’s stock valued at $277,000 after acquiring an additional 1,600 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.28 during trading hours on Monday, reaching $14.98. The company had a trading volume of 1,495,688 shares, compared to its average volume of 1,911,304. The firm has a market cap of $5.85 billion, a PE ratio of 9.30 and a beta of 0.84. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. 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 simple moving average of $15.14 and a 200 day simple moving average of $15.09.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is presently 91.93%.

Wall Street Analysts Forecast Growth

OBDC has been the subject of several analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.86.

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.