Certuity LLC Has $11.11 Million Stake in Blue Owl Capital Corporation $OBDC

Certuity LLC cut its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 4.8% during the second quarter, Holdings Channel reports. The fund owned 774,976 shares of the company’s stock after selling 38,792 shares during the quarter. Blue Owl Capital comprises about 1.0% of Certuity LLC’s holdings, making the stock its 24th biggest holding. Certuity LLC’s holdings in Blue Owl Capital were worth $11,113,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Blue Owl Capital by 25.5% during the first quarter. PNC Financial Services Group Inc. now owns 6,308 shares of the company’s stock worth $92,000 after purchasing an additional 1,280 shares during the period. Blair William & Co. IL lifted its stake in shares of Blue Owl Capital by 59.0% during the 1st quarter. Blair William & Co. IL now owns 45,174 shares of the company’s stock worth $662,000 after buying an additional 16,760 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Blue Owl Capital by 14.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 75,464 shares of the company’s stock worth $1,128,000 after buying an additional 9,591 shares during the period. Savvy Advisors Inc. acquired a new position in Blue Owl Capital in the 1st quarter valued at about $220,000. Finally, Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital in the 1st quarter valued at about $59,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $13.32 on Tuesday. The firm has a market cap of $6.80 billion, a PE ratio of 9.44 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $12.69 and its two-hundred day moving average price is $13.76. Blue Owl Capital Corporation has a one year low of $11.65 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Insider Activity at Blue Owl Capital

In other news, VP Neena Reddy purchased 7,890 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of $13.06 per share, with a total value of $103,043.40. Following the acquisition, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Craig Packer acquired 83,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the purchase, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. The trade was a -200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on OBDC. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Royal Bank Of Canada lowered their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Finally, Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.56.

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.