Blue Owl Capital Corporation $OBDC Stock Holdings Raised by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC increased its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 29.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 283,821 shares of the company’s stock after purchasing an additional 64,585 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 0.06% of Blue Owl Capital worth $2,977,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OBDC. Strs Ohio raised its holdings in Blue Owl Capital by 411.4% in the first quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after purchasing an additional 8,802,373 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Blue Owl Capital by 32.0% during the third quarter. Sound Income Strategies LLC now owns 5,549,823 shares of the company’s stock valued at $56,442,000 after buying an additional 1,345,081 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of Blue Owl Capital by 5.5% in the 2nd quarter. Private Management Group Inc. now owns 4,056,747 shares of the company’s stock valued at $44,097,000 after buying an additional 212,119 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of Blue Owl Capital by 71.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,085,234 shares of the company’s stock valued at $34,123,000 after buying an additional 1,284,222 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Blue Owl Capital by 8.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,011,090 shares of the company’s stock valued at $22,243,000 after buying an additional 161,988 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.5%

Shares of OBDC stock opened at $9.88 on Thursday. Blue Owl Capital Corporation has a 1-year low of $9.81 and a 1-year high of $13.57. The stock’s fifty day moving average price is $10.89 and its 200 day moving average price is $11.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 17.63 and a beta of 0.64.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS 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 analysts’ expectations of $394.23 million. During the same period last year, the business posted $0.40 earnings per share. On average, research analysts expect that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 12.6%. Blue Owl Capital’s payout ratio is presently 221.43%.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.