Blue Owl Capital Inc. $OWL Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its shareholding in Blue Owl Capital Inc. by 74.0% in Q2, resulting in ownership of 99,007 shares valued at approximately $1.9 million.
• Multiple institutional investors, including Apollon Wealth Management and Maryland State Retirement & Pension System, have also raised their stakes in Blue Owl Capital recently, reflecting a growing interest in the stock.
• Blue Owl Capital reported earnings of $0.21 EPS for Q2, exceeding revenue expectations with $703.11 million, and declared a $0.225 quarterly dividend with a yield of 5.4%.

Concurrent Investment Advisors LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 74.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,007 shares of the company's stock after buying an additional 42,102 shares during the period. Concurrent Investment Advisors LLC's holdings in Blue Owl Capital were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Apollon Wealth Management LLC increased its holdings in shares of Blue Owl Capital by 10.5% during the second quarter. Apollon Wealth Management LLC now owns 90,724 shares of the company's stock valued at $1,743,000 after acquiring an additional 8,644 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Blue Owl Capital during the 2nd quarter valued at approximately $404,000. Maryland State Retirement & Pension System increased its stake in Blue Owl Capital by 22.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 29,649 shares of the company's stock valued at $570,000 after purchasing an additional 5,465 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in Blue Owl Capital by 22.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 59,395 shares of the company's stock valued at $1,141,000 after purchasing an additional 11,012 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Blue Owl Capital by 24.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 53,911 shares of the company's stock valued at $1,036,000 after acquiring an additional 10,434 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Analysts Set New Price Targets

OWL has been the topic of several research reports. Raymond James Financial started coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a "market perform" rating on the stock. Barclays cut their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. BMO Capital Markets started coverage on shares of Blue Owl Capital in a research note on Friday, October 3rd. They issued an "outperform" rating and a $18.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price target on Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.38.

Blue Owl Capital Stock Performance

OWL stock opened at $16.78 on Wednesday. The firm has a market cap of $25.99 billion, a PE ratio of 186.41, a P/E/G ratio of 1.15 and a beta of 1.13. The firm's fifty day moving average is $18.13 and its 200 day moving average is $18.56. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

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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