FORA Capital LLC Invests $667,000 in Blue Owl Capital Co. (NYSE:OBDC)

FORA Capital LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 45,762 shares of the company's stock, valued at approximately $667,000.

A number of other hedge funds have also recently made changes to their positions in OBDC. Comerica Bank boosted its stake in shares of Blue Owl Capital by 12.5% during the first quarter. Comerica Bank now owns 56,397 shares of the company's stock valued at $867,000 after purchasing an additional 6,288 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Blue Owl Capital during the first quarter valued at about $840,000. Cetera Investment Advisers boosted its stake in shares of Blue Owl Capital by 154.4% during the first quarter. Cetera Investment Advisers now owns 111,707 shares of the company's stock valued at $1,718,000 after purchasing an additional 67,799 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Blue Owl Capital during the first quarter valued at about $736,000. Finally, Boston Partners acquired a new stake in shares of Blue Owl Capital during the first quarter valued at about $15,010,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.4 %

OBDC traded up $0.06 during trading on Friday, hitting $15.21. The company's stock had a trading volume of 1,044,187 shares, compared to its average volume of 1,942,401. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock's fifty day moving average price is $14.94 and its 200-day moving average price is $15.30. The firm has a market capitalization of $5.94 billion, a P/E ratio of 9.41 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.73%. Blue Owl Capital's payout ratio is 91.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on OBDC shares. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. Truist Financial cut their price objective on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.07.

Blue Owl Capital 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.