Certuity LLC Cuts Stake in Blue Owl Capital Co. (NYSE:OBDC)

Certuity LLC lowered its position in Blue Owl Capital Co. (NYSE:OBDC) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,047 shares of the company’s stock after selling 3,933 shares during the quarter. Certuity LLC’s holdings in Blue Owl Capital were worth $908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. Fifth Third Bancorp raised its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after buying an additional 2,460 shares during the period. Westend Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after buying an additional 1,784 shares during the period. nVerses Capital LLC lifted its holdings in shares of Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after buying an additional 1,600 shares during the period. Finally, Quad Cities Investment Group LLC bought a new position in Blue Owl Capital in the 3rd quarter worth $148,000. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities raised their target price on Blue Owl Capital from $16.50 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.10 on Wednesday. The company has a market capitalization of $5.89 billion, a PE ratio of 9.38 and a beta of 0.83. The company has a 50 day moving average price of $15.09 and a 200-day moving average price of $14.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

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.