FORA Capital LLC Acquires New Shares in Blue Owl Capital Co. (NYSE:OBDC)

FORA Capital LLC acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 45,762 shares of the company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in Blue Owl Capital by 7.4% during the 3rd quarter. D.A. Davidson & CO. now owns 366,541 shares of the company’s stock worth $5,341,000 after acquiring an additional 25,263 shares during the period. Truvestments Capital LLC boosted its position in Blue Owl Capital by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 193,014 shares of the company’s stock worth $2,812,000 after acquiring an additional 5,155 shares during the period. Alpha DNA Investment Management LLC boosted its position in Blue Owl Capital by 13.7% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 28,185 shares of the company’s stock worth $411,000 after acquiring an additional 3,390 shares during the period. One Charles Private Wealth Services LLC acquired a new position in Blue Owl Capital during the 3rd quarter worth $204,000. Finally, Icon Wealth Advisors LLC boosted its position in Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after acquiring an additional 563,800 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.1 %

NYSE OBDC opened at $15.15 on Friday. The firm’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $15.30. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 9.41 and a beta of 0.86. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

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 given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.77%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is presently 91.93%.

Analyst Ratings Changes

A number of research analysts have issued reports on OBDC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods dropped 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. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.07.

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.