Impact Partnership Wealth LLC Purchases New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Impact Partnership Wealth LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,454 shares of the company's stock, valued at approximately $710,000.

A number of other hedge funds have also modified their holdings of OWL. Bank of New York Mellon Corp increased its stake in shares of Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock worth $53,223,000 after purchasing an additional 229,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blue Owl Capital by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock worth $230,000 after purchasing an additional 1,357 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Blue Owl Capital by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock worth $1,358,000 after purchasing an additional 9,522 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its stake in shares of Blue Owl Capital by 8.6% during the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock worth $5,766,000 after purchasing an additional 22,778 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Blue Owl Capital during the 1st quarter worth $1,581,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OWL shares. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their target price for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Oppenheimer raised their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Barclays raised their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, Evercore ISI raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Stock Performance

Shares of NYSE OWL traded down $0.18 during trading on Friday, reaching $20.62. The company had a trading volume of 7,204,300 shares, compared to its average volume of 7,000,173. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The stock has a market cap of $31.71 billion, a PE ratio of 158.63, a PEG ratio of 1.41 and a beta of 1.17. The business's 50 day moving average price is $19.13 and its 200-day moving average price is $20.35.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $620.19 million for the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.36%. The ex-dividend date was Wednesday, May 14th. Blue Owl Capital's dividend payout ratio is 692.31%.

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.