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

Trinity Financial Advisors LLC boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 945,289 shares of the company’s stock after acquiring an additional 62,015 shares during the period. Blue Owl Capital makes up approximately 5.6% of Trinity Financial Advisors LLC’s holdings, making the stock its 5th biggest holding. Trinity Financial Advisors LLC’s holdings in Blue Owl Capital were worth $14,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Advisors Asset Management Inc. boosted its position in shares of Blue Owl Capital by 16.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after purchasing an additional 48,136 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in Blue Owl Capital by 96.8% during the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after buying an additional 103,123 shares during the last quarter. First National Trust Co grew its position in shares of Blue Owl Capital by 83.9% during the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after buying an additional 64,558 shares during the period. Franklin Resources Inc. increased its stake in shares of Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after acquiring an additional 74,959 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after acquiring an additional 347,155 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price 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 previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two 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 stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Stock Down 1.4 %

NYSE:OBDC traded down $0.20 on Friday, hitting $14.56. 2,303,735 shares of the company’s stock were exchanged, compared to its average volume of 1,984,534. The firm has a 50-day moving average price of $15.11 and a 200-day moving average price of $15.07. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $5.68 billion, a P/E ratio of 9.04 and a beta of 0.84.

Blue Owl Capital Increases Dividend

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