Certuity LLC Boosts Stock Position in Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Certuity LLC significantly increased its stake in Blue Owl Capital by 1,255.2%, owning a total of 813,768 shares valued at approximately $11.93 million after acquiring an additional 753,721 shares in the first quarter.
• Blue Owl Capital declared a quarterly dividend of $0.37, representing a 10.3% dividend yield with the ex-dividend date set for September 30th.
• Wells Fargo & Company lowered its price objective for Blue Owl Capital from $15.00 to $14.00, while other analysts maintain a consensus rating of "Buy" with an average price target of $15.42.

Certuity LLC boosted its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 1,255.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 813,768 shares of the company's stock after acquiring an additional 753,721 shares during the period. Blue Owl Capital comprises about 1.3% of Certuity LLC's investment portfolio, making the stock its 21st biggest holding. Certuity LLC owned about 0.16% of Blue Owl Capital worth $11,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of OBDC. Anchor Investment Management LLC increased its holdings in shares of Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $49,000. Roxbury Financial LLC acquired a new position in Blue Owl Capital during the 1st quarter worth $50,000. Zions Bancorporation National Association UT acquired a new position in shares of Blue Owl Capital during the first quarter valued at about $59,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Blue Owl Capital during the first quarter valued at about $61,000. Institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

OBDC has been the topic of a number of analyst reports. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. 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 report on Monday, April 28th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, B. Riley began coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Stock Performance

OBDC traded down $0.16 during trading on Friday, hitting $14.14. 3,039,557 shares of the company traded hands, compared to its average volume of 2,566,091. The firm has a market cap of $7.23 billion, a P/E ratio of 9.36 and a beta of 0.74. The stock's fifty day moving average is $14.52 and its 200 day moving average is $14.52. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The firm had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 annualized dividend and a yield of 10.5%. Blue Owl Capital's dividend payout ratio is currently 98.01%.

Insider Transactions at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director owned 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital 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.