Trinity Financial Advisors LLC Acquires 62,015 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Trinity Financial Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 945,289 shares of the company’s stock after acquiring an additional 62,015 shares during the period. Blue Owl Capital comprises about 5.6% of Trinity Financial Advisors LLC’s portfolio, making the stock its 5th largest holding. Trinity Financial Advisors LLC owned 0.24% of Blue Owl Capital worth $14,784,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of OBDC. Sterneck Capital Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $256,000. Fortem Financial Group LLC grew its position in Blue Owl Capital by 5.4% during the 4th quarter. Fortem Financial Group LLC now owns 95,885 shares of the company’s stock worth $1,450,000 after purchasing an additional 4,916 shares in the last quarter. Franklin Resources Inc. raised its stake in Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after purchasing an additional 74,959 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital in the third quarter valued at $283,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Blue Owl Capital by 4.7% in the third quarter. Sanctuary Advisors LLC now owns 175,305 shares of the company’s stock worth $2,668,000 after buying an additional 7,897 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OBDC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Performance

Shares of OBDC stock traded down $0.20 during mid-day trading on Friday, reaching $14.56. The stock had a trading volume of 2,303,735 shares, compared to its average volume of 1,984,534. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The firm has a market cap of $5.68 billion, a PE ratio of 9.04 and a beta of 0.84. The firm’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $15.07. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 10.16%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

About Blue Owl Capital

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.