Blue Owl Capital Corporation $OBDC Stake Boosted by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC raised its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 29.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,491,966 shares of the company’s stock after purchasing an additional 341,797 shares during the quarter. Blue Owl Capital accounts for 5.3% of Trinity Financial Advisors LLC’s portfolio, making the stock its 6th biggest position. Trinity Financial Advisors LLC owned 0.29% of Blue Owl Capital worth $19,097,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of Blue Owl Capital by 6.0% in the third quarter. Van ECK Associates Corp now owns 13,364,378 shares of the company’s stock worth $170,663,000 after buying an additional 757,203 shares during the period. Bank of America Corp DE grew its holdings in Blue Owl Capital by 6.5% in the 3rd quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock worth $169,527,000 after acquiring an additional 811,973 shares during the last quarter. UBS Group AG grew its holdings in Blue Owl Capital by 12.7% in the 3rd quarter. UBS Group AG now owns 6,065,592 shares of the company’s stock worth $77,458,000 after acquiring an additional 681,444 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Blue Owl Capital by 13.7% in the third quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock valued at $69,005,000 after acquiring an additional 659,025 shares during the period. Finally, Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 3.0% in the third quarter. Sound Income Strategies LLC now owns 3,392,554 shares of the company’s stock valued at $41,491,000 after acquiring an additional 98,371 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OBDC shares. Truist Financial dropped their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a research report on Monday, February 23rd. Finally, Royal Bank Of Canada reduced their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.06.

Blue Owl Capital Trading Down 2.4%

Shares of OBDC opened at $10.85 on Friday. Blue Owl Capital Corporation has a 1-year low of $10.70 and a 1-year high of $15.31. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $11.60 and its 200-day moving average price is $12.43. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 8.75 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $439.50 million during the quarter, compared to the consensus estimate of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. Sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.6%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 119.35%.

Blue Owl Capital announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 18th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.