Certuity LLC Acquires 1,083 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Certuity LLC lifted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 62,858 shares of the company’s stock after purchasing an additional 1,083 shares during the period. Certuity LLC’s holdings in Blue Owl Capital were worth $965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. National Bank of Canada FI purchased a new stake in Blue Owl Capital during the second quarter worth $26,000. Heritage Wealth Advisors purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth $32,000. CWM LLC boosted its position in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Blue Owl Capital in the fourth quarter valued at about $38,000. Finally, Headlands Technologies LLC bought a new position in Blue Owl Capital in the first quarter worth about $40,000. 42.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial decreased their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

Blue Owl Capital Trading Down 1.7 %

OBDC stock opened at $14.67 on Friday. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.72 billion, a P/E ratio of 7.41 and a beta of 0.87. The company’s 50-day simple moving average is $15.10 and its 200-day simple moving average is $15.53.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. As a group, equities analysts forecast that Blue Owl Capital Co. will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.64%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

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.