Prairiewood Capital LLC Grows Stock Holdings in Blue Owl Capital Corporation $OBDC

Prairiewood Capital LLC lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 17.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552,301 shares of the company’s stock after purchasing an additional 80,699 shares during the quarter. Blue Owl Capital comprises approximately 1.8% of Prairiewood Capital LLC’s holdings, making the stock its 18th largest position. Prairiewood Capital LLC’s holdings in Blue Owl Capital were worth $6,108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc increased its position in Blue Owl Capital by 79.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after buying an additional 1,320 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Blue Owl Capital in the third quarter worth $30,000. AG Campbell Advisory LLC bought a new stake in Blue Owl Capital in the fourth quarter worth $36,000. Finally, Assetmark Inc. purchased a new stake in shares of Blue Owl Capital in the third quarter worth $38,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OBDC. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Truist Financial dropped their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $10.88 on Friday. The firm’s 50-day moving average price is $11.24 and its 200-day moving average price is $11.74. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-week high of $15.19. The company has a market cap of $5.40 billion, a PE ratio of 15.55 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $391.00 million for the quarter, compared to analysts’ expectations of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. As a group, analysts anticipate that Blue Owl Capital Corporation will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s payout ratio is 211.43%.

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.