Trinity Financial Advisors LLC Increases Stock Holdings in Blue Owl Capital Corporation $OBDC

Trinity Financial Advisors LLC boosted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,121,592 shares of the company’s stock after purchasing an additional 66,367 shares during the quarter. Blue Owl Capital accounts for approximately 3.2% of Trinity Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Trinity Financial Advisors LLC owned 0.23% of Blue Owl Capital worth $12,539,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Blue Owl Capital by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after purchasing an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Blue Owl Capital in the first quarter valued at about $6,641,000. EverSource Wealth Advisors LLC grew its position in Blue Owl Capital by 106.1% during the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after buying an additional 4,494 shares in the last quarter. Squarepoint Ops LLC increased its stake in Blue Owl Capital by 133.8% during the second quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock valued at $1,344,000 after acquiring an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC increased its stake in Blue Owl Capital by 24.1% during the second quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after acquiring an additional 3,200 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 1.7%

Shares of OBDC opened at $11.19 on Wednesday. Blue Owl Capital Corporation has a 1 year low of $10.52 and a 1 year high of $14.53. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The stock has a 50 day simple moving average of $10.96 and a 200-day simple moving average of $11.29. The stock has a market cap of $5.55 billion, a PE ratio of 15.98 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The company had revenue of $391.00 million during the quarter, compared to analyst estimates of $422.02 million. On average, sell-side analysts predict that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

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.