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

Fortem Financial Group LLC decreased its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OBDC shares. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating on the stock in a research note on Tuesday, August 20th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price objective 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. One research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.07.

Blue Owl Capital Trading Down 0.3 %

Shares of OBDC stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.37. The company's stock had a trading volume of 1,262,641 shares, compared to its average volume of 1,941,046. The firm has a market capitalization of $6.00 billion, a PE ratio of 9.57 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company's 50 day simple moving average is $15.03 and its 200-day simple moving average is $15.21.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.63%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's dividend 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.