Prime Capital Investment Advisors LLC Buys 64,585 Shares of Blue Owl Capital Corporation $OBDC

Prime Capital Investment Advisors LLC grew its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 29.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 283,821 shares of the company’s stock after buying an additional 64,585 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Blue Owl Capital were worth $2,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Independent Financial Group LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth about $1,925,000. Caz Investments LP grew its stake in Blue Owl Capital by 45.3% during the 2nd quarter. Caz Investments LP now owns 1,633,305 shares of the company’s stock valued at $17,754,000 after purchasing an additional 509,000 shares during the last quarter. Next Capital Management LLC grew its stake in 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 purchasing an additional 1,219,235 shares during the last quarter. Columbus Macro LLC increased 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 valued at $6,232,000 after purchasing an additional 201,918 shares during the period. Finally, NewEdge Wealth LLC increased its holdings in shares of Blue Owl Capital by 81.6% in the first quarter. NewEdge Wealth LLC now owns 758,426 shares of the company’s stock valued at $8,388,000 after purchasing an additional 340,861 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Blue Owl Capital Stock Down 0.5%

NYSE:OBDC opened at $9.88 on Thursday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 17.63 and a beta of 0.64. Blue Owl Capital Corporation has a 1-year low of $9.81 and a 1-year high of $13.57. The company’s fifty day moving average price is $10.89 and its 200-day moving average price is $11.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same quarter last year, the company posted $0.40 earnings per share. As a group, equities research analysts anticipate 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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 221.43%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.