Blue Owl Capital Inc. $OWL Shares Purchased by Catalyst Capital Advisors LLC

Key Points

• Catalyst Capital Advisors LLC increased its stake in Blue Owl Capital by 225.9% in the second quarter, owning 27,459 shares valued at approximately $527,000.
• Analysts have downgraded the target price for Blue Owl Capital from $23.50 to $22.00, indicating a mix of "overweight" and "buy" ratings from various brokerages.
• Blue Owl Capital announced a quarterly dividend of $0.225, resulting in an annualized yield of 5.4%, with a payout ratio noted as 1,000.00%.

Catalyst Capital Advisors LLC lifted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 225.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,459 shares of the company's stock after purchasing an additional 19,034 shares during the period. Catalyst Capital Advisors LLC's holdings in Blue Owl Capital were worth $527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $31,000. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $38,000. Cullen Frost Bankers Inc. lifted its stake in shares of Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after purchasing an additional 583 shares during the period. Allworth Financial LP raised its position in Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after acquiring an additional 998 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company's stock worth $50,000 after acquiring an additional 916 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OWL. Piper Sandler cut their target price on shares of Blue Owl Capital from $23.50 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, October 9th. Barclays cut their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Oppenheimer cut their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an "outperform" rating for the company in a research report on Tuesday, October 14th. Citigroup restated a "market outperform" rating on shares of Blue Owl Capital in a research report on Tuesday. Finally, Cowen restated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average price target of $22.38.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $16.67 on Friday. The company has a market cap of $25.82 billion, a PE ratio of 185.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The company has a 50-day simple moving average of $17.65 and a 200-day simple moving average of $18.47.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's payout ratio is presently 1,000.00%.

About Blue Owl Capital

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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