Blue Owl Capital Corporation $OBDC Shares Acquired by Certuity LLC

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 raised its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 1,255.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 813,768 shares of the company's stock after purchasing an additional 753,721 shares during the period. Blue Owl Capital accounts for approximately 1.3% of Certuity LLC's portfolio, making the stock its 21st biggest holding. Certuity LLC owned approximately 0.16% of Blue Owl Capital worth $11,930,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of OBDC. Oregon Public Employees Retirement Fund increased its stake in shares of Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after acquiring an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after purchasing an additional 4,385,987 shares during the last quarter. Trustees of Dartmouth College acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth about $48,774,000. Raymond James Financial Inc. acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth about $28,434,000. Finally, HB Wealth Management LLC increased its position in shares of Blue Owl Capital by 311.3% during the 1st quarter. HB Wealth Management LLC now owns 1,131,920 shares of the company's stock worth $16,594,000 after purchasing an additional 856,735 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OBDC shares. B. Riley started coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company decreased 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. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC traded up $0.0250 during trading on Tuesday, reaching $14.1850. The company had a trading volume of 1,144,785 shares, compared to its average volume of 3,209,194. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.39 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The stock's fifty day moving average price is $14.51 and its 200 day moving average price is $14.51. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 annualized dividend and a yield of 10.4%. Blue Owl Capital's dividend payout ratio is 98.01%.

Insiders Place Their Bets

In related news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director directly owned 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

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.