Edgestream Partners L.P. Has $1.95 Million Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Edgestream Partners L.P. decreased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 37.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,121 shares of the company's stock after selling 57,227 shares during the quarter. Edgestream Partners L.P.'s holdings in Blue Owl Capital were worth $1,946,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vise Technologies Inc. lifted its stake in 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 purchasing an additional 478 shares during the last quarter. Teza Capital Management LLC increased its position in Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after purchasing an additional 485 shares during the period. State of Wyoming lifted its stake in Blue Owl Capital by 27.1% during the 4th 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. Benjamin Edwards Inc. grew its holdings in Blue Owl Capital by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after buying an additional 658 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Blue Owl Capital by 4.5% during the first quarter. QRG Capital Management Inc. now owns 19,037 shares of the company's stock valued at $381,000 after acquiring an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.59 during midday trading on Monday, hitting $20.03. The stock had a trading volume of 5,036,378 shares, compared to its average volume of 6,992,317. The firm has a market cap of $30.80 billion, a P/E ratio of 154.05, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. The company's 50-day simple moving average is $19.13 and its 200 day simple moving average is $20.33. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The company had revenue of $620.19 million for the quarter, compared to the consensus estimate of $636.44 million. Equities analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.225 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.49%. Blue Owl Capital's dividend payout ratio is presently 692.31%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OWL shares. Piper Sandler increased their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. 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. Oppenheimer raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company raised 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. Finally, JMP Securities lowered their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target 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.