Trinity Financial Advisors LLC Has $12.54 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Trinity Financial Advisors LLC lifted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,121,592 shares of the company’s stock after acquiring an additional 66,367 shares during the quarter. Blue Owl Capital makes up approximately 3.2% of Trinity Financial Advisors LLC’s holdings, making the stock its 10th largest holding. Trinity Financial Advisors LLC’s holdings in Blue Owl Capital were worth $12,539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. Goldman Sachs Group Inc. raised its position in Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after purchasing an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth $6,641,000. EverSource Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 106.1% in the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after buying an additional 4,494 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Blue Owl Capital by 133.8% in the second quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock valued at $1,344,000 after buying an additional 53,613 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in shares of Blue Owl Capital by 24.1% in the second quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after buying an additional 3,200 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.19 on Wednesday. The company has a market cap of $5.55 billion, a PE ratio of 15.98 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 1 year low of $10.52 and a 1 year high of $14.53. The company’s 50-day moving average is $10.96 and its two-hundred day moving average is $11.29.

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

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a research report on Friday, July 24th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company dropped 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 report on Friday, May 8th. Finally, Truist Financial decreased their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Company Profile

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.