Blue Owl Capital Inc. $OWL Shares Acquired by Dynamic Advisor Solutions LLC

Key Points

• Dynamic Advisor Solutions LLC increased its position in Blue Owl Capital Inc. by 12.8%, owning 219,488 shares valued at approximately $4.22 million as reported in its latest SEC filing.
• Blue Owl Capital's stock has received an average rating of "Moderate Buy" from analysts, with a price target averaging $24.02, indicating positive market expectations.
• The company announced a quarterly dividend of $0.225 per share, reflecting an annualized yield of 4.8%, although its payout ratio currently stands at 1,000%.

Dynamic Advisor Solutions LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,488 shares of the company's stock after purchasing an additional 24,827 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Blue Owl Capital were worth $4,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in OWL. MassMutual Private Wealth & Trust FSB raised its stake in Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the period. Banque Transatlantique SA bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $31,000. SVB Wealth LLC bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $38,000. Cullen Frost Bankers Inc. grew its holdings 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 acquiring an additional 583 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OWL has been the subject of several research reports. Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Evercore ISI increased their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Barclays increased their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Piper Sandler raised their price objective 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. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Trading Down 0.9%

OWL traded down $0.18 on Friday, reaching $18.91. The stock had a trading volume of 10,954,211 shares, compared to its average volume of 7,583,644. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The business's 50-day moving average price is $19.14 and its two-hundred day moving average price is $18.93. The company has a market cap of $29.30 billion, a P/E ratio of 210.13, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (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 during the quarter, compared to analysts' expectations of $642.13 million. As a group, analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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