Corient IA LLC Takes $601,000 Position in Blue Owl Capital Inc. $OWL

Key Points

• Corient IA LLC has invested approximately $601,000 in Blue Owl Capital, acquiring 30,000 shares in the first quarter.
• Blue Owl Capital reported earnings of $0.21 per share and a revenue of $703.11 million for the last quarter, exceeding analyst expectations.
• The company has declared a quarterly dividend of $0.225 per share, marking an annualized yield of 4.7%.

Corient IA LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the company's stock, valued at approximately $601,000.

A number of other large investors have also recently bought and sold shares of the business. Vise Technologies Inc. raised its holdings in shares of Blue Owl Capital by 4.6% during the fourth quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after buying an additional 478 shares during the last quarter. Teza Capital Management LLC raised its holdings in shares of Blue Owl Capital by 1.7% during the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after buying an additional 485 shares during the last quarter. State of Wyoming raised its holdings in shares of Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Blue Owl Capital by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after buying an additional 658 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Down 1.3%

NYSE OWL traded down $0.2480 on Wednesday, reaching $18.5820. 4,912,995 shares of the stock traded hands, compared to its average volume of 7,794,573. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 206.49, a P/E/G ratio of 1.25 and a beta of 1.16. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The firm's fifty day simple moving average is $19.42 and its 200 day simple moving average is $19.64.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates of $0.21. The company had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a $0.225 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Blue Owl Capital's dividend payout ratio (DPR) is 1,000.00%.

Analyst Ratings Changes

OWL has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a report on Friday, May 23rd. Oppenheimer upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Piper Sandler increased their price target on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating for the company. Finally, UBS Group decreased their price target on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.