Prairiewood Capital LLC Has $4.61 Million Position in Blue Owl Capital Corporation $OBDC

Key Points

• Prairiewood Capital LLC increased its holdings in Blue Owl Capital Corporation by 14.9%, owning approximately $4.61 million worth of shares as of the latest quarter.
• Blue Owl Capital received a "strong-buy" rating upgrade from LADENBURG THALM/SH SH, with the company having an average analyst rating of "Buy" and a consensus target price of $15.42.
• Blue Owl Capital recently increased its quarterly dividend to $0.02 per share, raising the annualized payout to $0.08, with a dividend yield of 0.6%.

Prairiewood Capital LLC increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 321,368 shares of the company's stock after acquiring an additional 41,606 shares during the period. Blue Owl Capital comprises about 1.7% of Prairiewood Capital LLC's investment portfolio, making the stock its 18th biggest position. Prairiewood Capital LLC owned 0.06% of Blue Owl Capital worth $4,608,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in Blue Owl Capital in the first quarter valued at about $50,000. Zions Bancorporation National Association UT acquired a new position in Blue Owl Capital in the first quarter valued at about $59,000. Caitong International Asset Management Co. Ltd acquired a new position in Blue Owl Capital in the first quarter valued at about $61,000. Finally, Versant Capital Management Inc acquired a new position in Blue Owl Capital in the first quarter valued at about $63,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $15.42.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $13.24 on Friday. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The firm has a market cap of $6.77 billion, a PE ratio of 8.77 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The company's 50-day moving average price is $14.17 and its two-hundred day moving average price is $14.29.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. On average, equities analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.02 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's payout ratio is presently 98.01%.

Blue Owl Capital 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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