Blue Owl Capital Corporation $OBDC Shares Bought by Prairiewood Capital LLC

Prairiewood Capital LLC increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 694,787 shares of the company’s stock after purchasing an additional 66,215 shares during the period. Blue Owl Capital makes up about 1.8% of Prairiewood Capital LLC’s holdings, making the stock its 18th biggest position. Prairiewood Capital LLC owned 0.14% of Blue Owl Capital worth $7,288,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OBDC. Independent Financial Group LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at $1,925,000. Caz Investments LP grew its stake in Blue Owl Capital by 45.3% in the 2nd quarter. Caz Investments LP now owns 1,633,305 shares of the company’s stock worth $17,754,000 after buying an additional 509,000 shares in the last quarter. Next Capital Management LLC raised its holdings in shares of Blue Owl Capital by 610.9% during the 1st quarter. Next Capital Management LLC now owns 1,418,819 shares of the company’s stock valued at $15,789,000 after buying an additional 1,219,235 shares in the last quarter. NewEdge Wealth LLC lifted its stake in Blue Owl Capital by 81.6% in the first quarter. NewEdge Wealth LLC now owns 758,426 shares of the company’s stock worth $8,388,000 after purchasing an additional 340,861 shares during the last quarter. Finally, Columbus Macro LLC grew its holdings in shares of Blue Owl Capital by 51.5% in the third quarter. Columbus Macro LLC now owns 594,121 shares of the company’s stock worth $6,232,000 after purchasing an additional 201,918 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.24 during trading on Friday, hitting $10.11. 3,753,740 shares of the company’s stock were exchanged, compared to its average volume of 4,055,112. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 18.04 and a beta of 0.64. The business has a 50-day simple moving average of $10.99 and a 200-day simple moving average of $11.06. Blue Owl Capital Corporation has a 52-week low of $9.81 and a 52-week high of $13.57.

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, topping the consensus estimate 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 business had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same period in the prior year, the company posted $0.40 EPS. On average, research analysts forecast that Blue Owl Capital Corporation will post 1.29 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.24 annualized dividend and a yield of 12.3%. Blue Owl Capital’s dividend payout ratio is 221.43%.

Blue Owl Capital Profile

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.