Fortem Financial Group LLC Has $548,000 Holdings in Blue Owl Capital Corporation $OBDC

Fortem Financial Group LLC trimmed its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 77.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,888 shares of the company’s stock after selling 146,307 shares during the period. Fortem Financial Group LLC’s holdings in Blue Owl Capital were worth $548,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of OBDC. IFC Advisors LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter valued at about $204,000. Foundations Investment Advisors LLC lifted its stake in shares of Blue Owl Capital by 17.1% in the third quarter. Foundations Investment Advisors LLC now owns 23,268 shares of the company’s stock worth $297,000 after acquiring an additional 3,390 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Blue Owl Capital by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock valued at $455,000 after acquiring an additional 905 shares during the last quarter. Truist Financial Corp increased its position in Blue Owl Capital by 4.5% during the 3rd quarter. Truist Financial Corp now owns 80,350 shares of the company’s stock valued at $1,026,000 after purchasing an additional 3,461 shares during the period. Finally, NWF Advisory Services Inc. raised its holdings in Blue Owl Capital by 4.0% during the 3rd quarter. NWF Advisory Services Inc. now owns 103,873 shares of the company’s stock worth $1,326,000 after purchasing an additional 3,996 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $13.06 per share, for a total transaction of $103,043.40. Following the purchase, the vice president owned 7,890 shares of the company’s stock, valued at $103,043.40. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Packer acquired 83,200 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the purchase, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at approximately $488,800. This represents a -200.00% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.11% of the company’s stock.

Blue Owl Capital Price Performance

OBDC stock opened at $12.00 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day moving average is $12.75 and its 200-day moving average is $13.24. The stock has a market capitalization of $6.13 billion, a PE ratio of 8.51 and a beta of 0.67. Blue Owl Capital Corporation has a 1 year low of $11.65 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The firm had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Equities research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of analyst reports. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Royal Bank Of Canada cut their price target on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Finally, Citizens Jmp cut their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Blue Owl Capital Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.