Concurrent Investment Advisors LLC Has $3.28 Million Holdings in Blue Owl Capital Inc. $OWL

Key Points

• Concurrent Investment Advisors increased its Blue Owl Capital stake by 36.1% during the second quarter, adding 99,350 shares to hold 374,828 shares valued at approximately $3.28 million.
• Blue Owl reported quarterly earnings of $0.22 per share, matching analyst expectations, while revenue reached $693.56 million. The company also declared a quarterly dividend of $0.23, representing a 7.8% annualized yield.
• Analyst sentiment remains moderately bullish, with an average “Moderate Buy” rating and a consensus price target of $13.57, compared with the stock’s reported price of $11.77.

Concurrent Investment Advisors LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 36.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,828 shares of the company's stock after acquiring an additional 99,350 shares during the period. Concurrent Investment Advisors LLC's holdings in Blue Owl Capital were worth $3,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Arax Advisory Partners acquired a new position in Blue Owl Capital in the 4th quarter worth $25,000. Toronto Dominion Bank bought a new position in Blue Owl Capital during the 4th quarter worth about $26,000. Burk Holdings LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $27,000. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $28,000. Finally, Essential Partners LLC lifted its holdings in shares of Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company's stock valued at $29,000 after purchasing an additional 2,833 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.77 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29. The stock has a market capitalization of $18.35 billion, a P/E ratio of 98.09, a PEG ratio of 1.29 and a beta of 1.22. The stock has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $9.97.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital's dividend payout ratio is 766.67%.

Wall Street Analyst Weigh In

OWL has been the subject of several recent research reports. BMO Capital Markets upped their price objective on Blue Owl Capital from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. UBS Group reissued a "neutral" rating and issued a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. Barclays boosted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. Citizens Jmp reduced their price target on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a research report on Thursday, July 9th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. One 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 data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $13.57.

Blue Owl Capital Profile

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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