Certuity LLC Invests $901,000 in Blue Owl Capital Co. (NYSE:OBDC)

Certuity LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 61,069 shares of the company’s stock, valued at approximately $901,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $41,000. CVA Family Office LLC acquired a new position in Blue Owl Capital during the 4th quarter worth $61,000. Register Financial Advisors LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth about $64,000. Parkside Financial Bank & Trust acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $66,000. Finally, Bourgeon Capital Management LLC acquired a new position in Blue Owl Capital in the fourth quarter worth about $70,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.3 %

Blue Owl Capital stock opened at $15.90 on Wednesday. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $16.02. The stock has a market capitalization of $6.20 billion, a PE ratio of 7.83 and a beta of 0.91. The firm has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $14.86. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.01%. Blue Owl Capital’s dividend payout ratio (DPR) is 68.97%.

Insider Buying and Selling

In other news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now owns 6,217 shares in the company, valued at approximately $93,690.19. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

OBDC has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. B. Riley downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective for the company. in a research report on Monday, January 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Hold” and a consensus target price of $15.50.

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.