122,595 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Meridian Wealth Management LLC

Key Points

• Meridian Wealth Management LLC acquired 122,595 shares of Blue Owl Capital Inc. during the first quarter, with a total value of approximately $2,457,000.
• Blue Owl Capital recently reported a quarterly dividend of $0.225 per share, with an annualized yield of 4.6% and a payout ratio of 1,000.00%.
• Blue Owl Capital's stock has a current market cap of $30.60 billion, with a twelve-month price range between $14.55 and $26.73.

Meridian Wealth Management LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 122,595 shares of the company's stock, valued at approximately $2,457,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after buying an additional 1,050 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares in the last quarter. Allworth Financial LP raised its holdings in Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after buying an additional 998 shares in the last quarter. State of Wyoming raised its holdings in Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Blue Owl Capital by 205.6% during the first quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after buying an additional 2,033 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.0%

OWL stock opened at $19.75 on Tuesday. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a market cap of $30.60 billion, a PE ratio of 219.42, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. The business's 50-day simple moving average is $19.37 and its 200 day simple moving average is $19.86.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. The business had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.6%. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Analyst Ratings Changes

Several research firms have weighed in on OWL. UBS Group cut their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Oppenheimer raised their target price on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays raised their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI raised their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company raised their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.

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