Blue Owl Capital Corporation $OBDC Stock: Prairiewood Capital LLC Boosts Position

Prairiewood Capital LLC increased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 10.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,787 shares of the company’s stock after acquiring an additional 66,215 shares during the period. Blue Owl Capital makes up about 1.8% of Prairiewood Capital LLC’s investment portfolio, making the stock its 18th biggest position. Prairiewood Capital LLC’s holdings in Blue Owl Capital were worth $7,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strs Ohio increased its stake in Blue Owl Capital by 411.4% in the first quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after purchasing an additional 8,802,373 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Blue Owl Capital by 32.0% during the 3rd quarter. Sound Income Strategies LLC now owns 5,549,823 shares of the company’s stock valued at $56,442,000 after acquiring an additional 1,345,081 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Blue Owl Capital by 5.5% in the second quarter. Private Management Group Inc. now owns 4,056,747 shares of the company’s stock worth $44,097,000 after buying an additional 212,119 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in Blue Owl Capital by 71.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,085,234 shares of the company’s stock worth $34,123,000 after buying an additional 1,284,222 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Blue Owl Capital by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 2,011,090 shares of the company’s stock valued at $22,243,000 after purchasing an additional 161,988 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OBDC. Capital One Financial set a $13.00 price objective on Blue Owl Capital in a report on Friday, July 24th. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.83.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.24 on Friday, hitting $10.11. The company’s stock had a trading volume of 3,753,740 shares, compared to its average volume of 4,055,112. The company has a fifty day moving average price of $10.99 and a 200-day moving average price of $11.06. Blue Owl Capital Corporation has a one year low of $9.81 and a one year high of $13.57. The firm has a market cap of $4.98 billion, a P/E ratio of 18.04 and a beta of 0.64. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $394.23 million. During the same period last year, the company posted $0.40 earnings per share. On average, equities analysts anticipate that Blue Owl Capital Corporation will post 1.29 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.3%. Blue Owl Capital’s payout ratio is currently 221.43%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.