Blue Owl Capital Corporation $OBDC Position Increased by Prairiewood Capital LLC

Prairiewood Capital LLC grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 16.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 374,121 shares of the company’s stock after purchasing an additional 52,753 shares during the period. Blue Owl Capital accounts for 1.6% of Prairiewood Capital LLC’s portfolio, making the stock its 18th biggest position. Prairiewood Capital LLC’s holdings in Blue Owl Capital were worth $4,778,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OBDC. Invesco Ltd. grew its position in shares of Blue Owl Capital by 11.9% during the 1st quarter. Invesco Ltd. now owns 275,398 shares of the company’s stock valued at $4,037,000 after buying an additional 29,190 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Blue Owl Capital by 8.4% in the first quarter. Raymond James Financial Inc. now owns 2,038,571 shares of the company’s stock worth $29,885,000 after acquiring an additional 158,001 shares during the last quarter. Northern Trust Corp boosted its stake in Blue Owl Capital by 419.1% in the first quarter. Northern Trust Corp now owns 753,720 shares of the company’s stock valued at $11,050,000 after acquiring an additional 608,518 shares during the period. Credit Agricole S A grew its holdings in shares of Blue Owl Capital by 102.8% during the first quarter. Credit Agricole S A now owns 151,653 shares of the company’s stock valued at $2,223,000 after purchasing an additional 76,868 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Blue Owl Capital by 8.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock worth $76,083,000 after purchasing an additional 403,784 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

OBDC stock opened at $12.63 on Monday. The company has a market capitalization of $6.45 billion, a P/E ratio of 8.95 and a beta of 0.65. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $12.78 and a 200 day simple moving average of $13.66. Blue Owl Capital Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $15.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 11.7%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Insider Activity

In other Blue Owl Capital news, VP Neena Reddy bought 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the acquisition, the vice president owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Packer purchased 83,200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the transaction, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. The trade was a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OBDC shares. Citizens Jmp reduced their price objective on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company cut their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Royal Bank Of Canada reduced their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $14.56.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit?investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first?lien senior secured loans, unitranche facilities, second?lien financings, mezzanine debt, and minority equity co-investments.