Prairiewood Capital LLC Grows Stock Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Prairiewood Capital LLC increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 279,762 shares of the company's stock after purchasing an additional 25,518 shares during the quarter. Blue Owl Capital accounts for 1.7% of Prairiewood Capital LLC's portfolio, making the stock its 19th largest position. Prairiewood Capital LLC owned about 0.05% of Blue Owl Capital worth $4,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after acquiring an additional 174,759 shares during the period. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock worth $46,227,000 after acquiring an additional 129,038 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Blue Owl Capital by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock valued at $16,117,000 after purchasing an additional 159,946 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Blue Owl Capital by 5.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after purchasing an additional 236,467 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.5%

Blue Owl Capital stock opened at $14.56 on Monday. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.87. The business has a fifty day moving average of $14.37 and a two-hundred day moving average of $14.65. The firm has a market cap of $7.44 billion, a P/E ratio of 9.39 and a beta of 0.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. On average, analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.01 dividend. This represents a yield of 11.51%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

Insiders Place Their Bets

In related news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director now owns 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on OBDC. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley initiated coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company decreased their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.

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