Blue Owl Capital Inc. $OWL Shares Bought by IFC Advisors LLC

Key Points

• IFC Advisors LLC increased its stake in Blue Owl Capital Inc. by 9.4%, now holding 264,719 shares valued at approximately $5.1 million.
• Blue Owl Capital reported a quarterly earnings per share (EPS) of $0.21, meeting analyst expectations, and had revenue of $703.11 million for the quarter.
• The company announced a quarterly dividend of $0.225 per share, representing a 5.6% yield, although its dividend payout ratio is notably high at 1,000%.

IFC Advisors LLC boosted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 264,719 shares of the company's stock after buying an additional 22,645 shares during the period. Blue Owl Capital accounts for 1.0% of IFC Advisors LLC's investment portfolio, making the stock its 21st largest position. IFC Advisors LLC's holdings in Blue Owl Capital were worth $5,085,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at $235,000. GAMMA Investing LLC raised its holdings in shares of Blue Owl Capital by 2,911.9% in the 1st quarter. GAMMA Investing LLC now owns 20,240 shares of the company's stock valued at $406,000 after buying an additional 19,568 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in shares of Blue Owl Capital in the 1st quarter valued at $3,901,000. QRG Capital Management Inc. raised its holdings in shares of Blue Owl Capital by 4.5% in the 1st quarter. QRG Capital Management Inc. now owns 19,037 shares of the company's stock valued at $381,000 after buying an additional 812 shares during the period. Finally, Insigneo Advisory Services LLC raised its holdings in shares of Blue Owl Capital by 27.7% in the 1st quarter. Insigneo Advisory Services LLC now owns 19,005 shares of the company's stock valued at $381,000 after buying an additional 4,127 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Up 4.2%

Blue Owl Capital stock opened at $16.10 on Tuesday. The stock has a 50 day moving average of $18.18 and a two-hundred day moving average of $18.57. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 178.85, a PEG ratio of 1.07 and a beta of 1.13. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted 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 return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 5.6%. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

Analyst Ratings Changes

Several brokerages have weighed in on OWL. BMO Capital Markets began coverage on Blue Owl Capital in a report on Friday, October 3rd. They set an "outperform" rating and a $18.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Barclays cut their price target on Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, October 8th. Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They set a "market perform" rating on the stock. Finally, Evercore ISI upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.54.

Blue Owl Capital 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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