Blue Owl Capital Corporation (NYSE:OBDC) Shares Purchased by Fortem Financial Group LLC

Fortem Financial Group LLC increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 41.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,688 shares of the company's stock after purchasing an additional 39,803 shares during the period. Fortem Financial Group LLC's holdings in Blue Owl Capital were worth $1,989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after acquiring an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after acquiring an additional 4,385,987 shares during the last quarter. Trustees of Dartmouth College purchased a new stake in shares of Blue Owl Capital in the 1st quarter valued at $48,774,000. Generali Asset Management SPA SGR purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at $34,103,000. Finally, Raymond James Financial Inc. purchased a new stake in Blue Owl Capital during the fourth quarter worth $28,434,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blue Owl Capital

In other news, Director Victor Woolridge acquired 6,915 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director owned 28,191 shares in the company, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.04 during mid-day trading on Friday, reaching $14.66. The company's stock had a trading volume of 2,955,017 shares, compared to its average volume of 2,656,706. The stock has a 50-day moving average of $14.46 and a two-hundred day moving average of $14.61. The stock has a market capitalization of $7.49 billion, a P/E ratio of 9.46 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.01 dividend. This represents a dividend yield of 11.51%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's dividend payout ratio (DPR) is 95.48%.

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.