Blue Owl Capital Corporation $OBDC Shares Bought by Trinity Financial Advisors LLC

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 grew its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,125,476 shares of the company's stock after purchasing an additional 180,187 shares during the quarter. Blue Owl Capital comprises approximately 6.0% of Trinity Financial Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Trinity Financial Advisors LLC owned about 0.22% of Blue Owl Capital worth $16,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Blue Owl Capital by 85.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock worth $15,042,000 after purchasing an additional 474,100 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Blue Owl Capital by 4.3% in the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock worth $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Blue Owl Capital in the first quarter worth $887,000. Round Rock Advisors LLC grew its holdings in Blue Owl Capital by 195.6% in the first quarter. Round Rock Advisors LLC now owns 134,586 shares of the company's stock worth $1,973,000 after purchasing an additional 89,054 shares during the last quarter. Finally, Castle Wealth Management LLC purchased a new position in Blue Owl Capital in the first quarter worth $284,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.12 during trading hours on Thursday, hitting $14.27. 1,787,012 shares of the company were exchanged, compared to its average volume of 2,289,927. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.45 and a beta of 0.76. 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 current ratio of 0.80 and a quick ratio of 0.80. The company's 50 day moving average price is $14.40 and its 200-day moving average price is $14.39.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $480.42 million. As a group, research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

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.