Blue Owl Capital Corporation $OBDC is Trinity Financial Advisors LLC’s 6th Largest Position

Trinity Financial Advisors LLC grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,491,966 shares of the company’s stock after buying an additional 341,797 shares during the period. Blue Owl Capital accounts for approximately 5.3% of Trinity Financial Advisors LLC’s holdings, making the stock its 6th biggest position. Trinity Financial Advisors LLC’s holdings in Blue Owl Capital were worth $19,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc increased its stake in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after acquiring an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted 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 worth $27,000 after acquiring an additional 1,320 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Blue Owl Capital in the third quarter worth about $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital in the third quarter worth about $30,000. Finally, Assetmark Inc. bought a new position in shares of Blue Owl Capital during the third quarter valued at approximately $38,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OBDC. Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a report on Monday, February 23rd. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Truist Financial lowered their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada dropped their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.06.

Blue Owl Capital Stock Down 2.4%

Shares of Blue Owl Capital stock opened at $10.85 on Friday. The company has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $12.43. The stock has a market capitalization of $5.42 billion, a PE ratio of 8.75 and a beta of 0.67. Blue Owl Capital Corporation has a 52-week low of $10.70 and a 52-week high of $15.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. On average, analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 13.6%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 119.35%.

Blue Owl Capital declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 18th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Blue Owl Capital 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.