Trinity Financial Advisors LLC Has $16.61 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Key Points

• Trinity Financial Advisors LLC increased its stake in Blue Owl Capital Corporation by 19.1% in Q1, now holding approximately 1.12 million shares worth $16.6 million.
• Blue Owl Capital's dividend was raised to $0.02 per share, with a payout ratio of 98.01%, reflecting strong returns for investors.
• Analysts have mostly rated Blue Owl Capital as a "buy" or "strong-buy," with an average price target of $15.42.

Trinity Financial Advisors LLC raised its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,476 shares of the company's stock after buying an additional 180,187 shares during the quarter. Blue Owl Capital accounts for 6.0% of Trinity Financial Advisors LLC's holdings, making the stock its 5th biggest holding. Trinity Financial Advisors LLC owned 0.22% of Blue Owl Capital worth $16,607,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after buying an additional 11,098,695 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Blue Owl Capital by 85.8% in the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock valued at $123,979,000 after buying an additional 3,809,000 shares in the last quarter. Royal Bank of Canada grew its holdings in Blue Owl Capital by 3.0% in the 1st quarter. Royal Bank of Canada now owns 7,608,871 shares of the company's stock valued at $111,546,000 after buying an additional 221,571 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Blue Owl Capital by 8.4% in the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company's stock valued at $76,083,000 after buying an additional 403,784 shares in the last quarter. Finally, Brown University grew its holdings in Blue Owl Capital by 17.9% in the 1st quarter. Brown University now owns 4,348,863 shares of the company's stock valued at $63,754,000 after buying an additional 660,136 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.8%

Shares of OBDC traded down $0.12 during mid-day trading on Friday, reaching $14.15. 2,034,532 shares of the company were exchanged, compared to its average volume of 2,247,047. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $7.23 billion, a PE ratio of 9.37 and a beta of 0.76. The business has a 50 day simple moving average of $14.40 and a two-hundred day simple moving average of $14.38.

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

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. The ex-dividend date is Friday, August 29th. Blue Owl Capital's dividend payout ratio is 98.01%.

Analyst Upgrades and Downgrades

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

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.