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

Fortem Financial Group LLC grew its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 41.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135,688 shares of the company's stock after purchasing an additional 39,803 shares during the quarter. Fortem Financial Group LLC's holdings in Blue Owl Capital were worth $1,989,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after buying an additional 1,083 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Blue Owl Capital by 85.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after purchasing an additional 474,100 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after purchasing an additional 174,759 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 4.3% in the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $887,000. Institutional investors own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of several research analyst reports. Wells Fargo & Company lowered their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods cut their price target on 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. B. Riley assumed coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Trading Down 0.1%

Shares of NYSE OBDC traded down $0.02 during midday trading on Tuesday, hitting $14.79. The company's stock had a trading volume of 3,583,938 shares, compared to its average volume of 2,664,418. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The business's 50 day moving average is $14.46 and its two-hundred day moving average is $14.60. Blue Owl Capital Corporation has a 12-month low of $12.11 and a 12-month high of $15.87. The firm has a market cap of $7.56 billion, a P/E ratio of 9.54 and a beta of 0.72.

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

Blue Owl Capital Cuts Dividend

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

Insider Buying and Selling

In related news, Director Victor Woolridge acquired 6,915 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director directly owned 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.