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 (NYSE: OBDC) by 2.3%, holding 1,150,853 shares, making it the 5th largest position in their portfolio.
• Blue Owl Capital reported a quarterly earnings per share of $0.40, surpassing analysts' estimates of $0.39, and also announced an increased quarterly dividend of $0.02 per share.
• Analyst ratings for Blue Owl Capital show three "Strong Buy" ratings, three "Buy" ratings, and two "Hold" ratings, with an average target price of $15.42.

Trinity Financial Advisors LLC increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,150,853 shares of the company's stock after buying an additional 25,377 shares during the quarter. Blue Owl Capital makes up 5.2% of Trinity Financial Advisors LLC's holdings, making the stock its 5th biggest position. Trinity Financial Advisors LLC owned about 0.23% of Blue Owl Capital worth $16,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in OBDC. BNP Paribas Financial Markets acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $673,000. Baird Financial Group Inc. boosted its holdings in shares of Blue Owl Capital by 10.8% in the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company's stock valued at $220,000 after buying an additional 1,422 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $49,000. NorthRock Partners LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $274,000. Finally, Royal Bank of Canada boosted its holdings in shares of Blue Owl Capital by 9.2% in the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after buying an additional 620,521 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Down 0.8%

OBDC opened at $14.15 on Friday. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73. The stock's fifty day simple moving average is $14.40 and its 200 day simple moving average is $14.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The stock has a market cap of $7.23 billion, a PE ratio of 9.37 and a beta of 0.76.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to analysts' expectations of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed 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. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, August 29th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.01. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.

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