Trinity Financial Advisors LLC Has $12.47 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Trinity Financial Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 32.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 883,274 shares of the company's stock after acquiring an additional 215,742 shares during the quarter. Blue Owl Capital comprises about 5.0% of Trinity Financial Advisors LLC's holdings, making the stock its 5th largest position. Trinity Financial Advisors LLC owned 0.23% of Blue Owl Capital worth $12,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of OBDC. Goldman Sachs Group Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $16,207,000. Citizens Financial Group Inc. RI bought a new stake in shares of Blue Owl Capital in the first quarter worth $1,311,000. Epiq Partners LLC acquired a new stake in Blue Owl Capital in the first quarter valued at $4,123,000. Chicago Partners Investment Group LLC acquired a new position in Blue Owl Capital during the 4th quarter worth $6,549,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Blue Owl Capital during the fourth quarter worth about $6,712,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company's stock, valued at $135,420.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on OBDC. Raymond James downgraded shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $15.50 to $14.00 and set an "underweight" rating for the company in a research note on Friday, August 9th. Truist Financial lowered their price objective on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.94.

Blue Owl Capital Trading Up 0.7 %

Shares of NYSE:OBDC traded up $0.11 during midday trading on Friday, reaching $14.81. The company had a trading volume of 1,681,410 shares, compared to its average volume of 2,005,349. The company has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $15.48. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 7.42 and a beta of 0.87. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The business had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.62%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date is Monday, September 30th. Blue Owl Capital's dividend payout ratio is presently 74.75%.

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.