82,749 Shares in Blue Owl Capital Inc. $OWL Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC acquired 82,749 shares of Blue Owl Capital in the second quarter, worth approximately $899,000. Institutional investors and hedge funds own 35.85% of the company.
• Analysts maintain a generally positive outlook, with a MarketBeat consensus rating of “Moderate Buy” and an average price target of $13.44. Recent targets range from $10 to $17.
• Blue Owl reported quarterly EPS of $0.22, in line with estimates, and revenue of $693.56 million. The company declared a quarterly dividend of $0.23, implying a 7.5% annualized yield.

Focus Partners Advisor Solutions LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 82,749 shares of the company's stock, valued at approximately $899,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Arax Advisory Partners acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $25,000. Toronto Dominion Bank acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at $26,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $28,000. Los Angeles Capital Management LLC bought a new position in Blue Owl Capital in the 4th quarter worth approximately $41,000. Finally, Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital during the second quarter worth $51,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OWL has been the topic of a number of analyst reports. TD Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Blue Owl Capital in a report on Thursday, June 18th. The Goldman Sachs Group increased their price objective on Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Citizens Jmp lowered their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating on the stock in a research note on Thursday, July 9th. Finally, Barclays increased their price objective on Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.44.

Blue Owl Capital Trading Up 0.0%

Shares of OWL opened at $12.22 on Monday. The company has a market capitalization of $19.05 billion, a PE ratio of 101.85, a PEG ratio of 1.36 and a beta of 1.19. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $19.84. The stock's 50-day moving average price is $9.86 and its two-hundred day moving average price is $10.09.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. Equities research analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Blue Owl Capital's payout ratio is currently 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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