Trinity Financial Advisors LLC Has $16.32 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Trinity Financial Advisors LLC raised its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 14.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,086,128 shares of the company’s stock after acquiring an additional 140,839 shares during the period. Blue Owl Capital comprises 3.3% of Trinity Financial Advisors LLC’s holdings, making the stock its 8th biggest holding. Trinity Financial Advisors LLC’s holdings in Blue Owl Capital were worth $16,323,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock valued at $197,000 after purchasing an additional 1,083 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock valued at $36,843,000 after buying an additional 174,759 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Blue Owl Capital by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company’s stock worth $16,117,000 after buying an additional 159,946 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock worth $72,361,000 after buying an additional 236,467 shares in the last quarter. Finally, Carmel Capital Partners LLC increased its holdings in shares of Blue Owl Capital by 12.6% during the fourth quarter. Carmel Capital Partners LLC now owns 170,987 shares of the company’s stock worth $2,585,000 after buying an additional 19,108 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.75 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.19. The business’s 50 day simple moving average is $14.05 and its 200 day simple moving average is $14.72. The stock has a market capitalization of $7.54 billion, a PE ratio of 9.64 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital’s payout ratio is currently 95.48%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director now owns 28,191 shares of the company’s stock, valued at approximately $407,359.95. This represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price objective for the company. Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a “buy” rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Buy” and a consensus price target of $15.64.

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.