Elevation Point Wealth Partners LLC Makes New Investment in Blue Owl Capital Inc. $OWL

Key Points

• Elevation Point Wealth Partners acquired 320,944 shares of Blue Owl Capital during the second quarter, worth approximately $3.6 million. Institutional investors collectively own 35.85% of OWL.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $13.44, compared with the stock’s recent opening price of $11.66.
• Blue Owl reported quarterly EPS of $0.22 and revenue of $693.56 million, while declaring a quarterly dividend of $0.23 per share. The annualized dividend yield is approximately 7.9%.

Elevation Point Wealth Partners LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 320,944 shares of the company's stock, valued at approximately $3,587,000.

Other hedge funds have also recently made changes to their positions in the company. Arax Advisory Partners bought a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank bought a new position in Blue Owl Capital in the 4th quarter worth $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth about $28,000. Essential Partners LLC boosted its stake in shares of Blue Owl Capital by 739.7% during the 1st 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. Finally, CX Institutional boosted its stake in shares of Blue Owl Capital by 881.5% during the 2nd quarter. CX Institutional now owns 3,396 shares of the company's stock valued at $30,000 after purchasing an additional 3,050 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on OWL. UBS Group restated a "neutral" rating and issued a $9.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 11th. BMO Capital Markets increased their target price 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. Credit Suisse Group set a $9.10 target price on Blue Owl Capital in a research note on Thursday, July 2nd. Oppenheimer dropped their price target on Blue Owl Capital from $16.00 to $15.00 and set an "outperform" rating on the stock in a research report on Friday, July 17th. Finally, Zacks Research raised Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 27th. One equities research 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, the company has a consensus rating of "Moderate Buy" and an average target price of $13.44.

Blue Owl Capital Stock Performance

Shares of OWL opened at $11.66 on Friday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29. The firm's 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $10.03. The stock has a market cap of $18.18 billion, a PE ratio of 97.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. Blue Owl Capital's payout ratio is presently 766.67%.

Blue Owl Capital Company 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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