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

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

Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Blue Owl Capital by 4.1% in the 2nd quarter. Private Advisor Group LLC now owns 147,818 shares of the company’s stock worth $2,270,000 after purchasing an additional 5,816 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Blue Owl Capital in the second quarter worth about $26,000. Fortem Financial Group LLC lifted its position in shares of Blue Owl Capital by 6.1% in the second quarter. Fortem Financial Group LLC now owns 127,423 shares of the company’s stock worth $1,957,000 after buying an additional 7,361 shares in the last quarter. Naviter Wealth LLC grew its holdings in Blue Owl Capital by 15.3% during the 2nd quarter. Naviter Wealth LLC now owns 319,588 shares of the company’s stock valued at $5,027,000 after buying an additional 42,379 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth approximately $1,636,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Stock Down 1.7 %

Shares of NYSE OBDC opened at $14.67 on Friday. The company has a market cap of $5.72 billion, a P/E ratio of 7.41 and a beta of 0.87. The firm has a 50-day simple moving average of $15.10 and a two-hundred day simple moving average of $15.53. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84.

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 firm had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. Research analysts anticipate that Blue Owl Capital Co. will post 1.93 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

Analysts Set New Price Targets

OBDC has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Keefe, Bruyette & Woods decreased their target price 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 downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.94.

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.