Envestnet Asset Management Inc. Grows Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Envestnet Asset Management Inc. lifted its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 36.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 917,980 shares of the company's stock after purchasing an additional 243,658 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Blue Owl Capital worth $18,396,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vise Technologies Inc. boosted its stake in Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after purchasing an additional 478 shares during the last quarter. Teza Capital Management LLC boosted its holdings in shares of Blue Owl Capital by 1.7% in the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after acquiring an additional 485 shares during the period. State of Wyoming raised its stake 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 worth $55,000 after purchasing an additional 503 shares during the last quarter. Benjamin Edwards Inc. raised its position in Blue Owl Capital by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after acquiring an additional 658 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in Blue Owl Capital by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 19,037 shares of the company's stock worth $381,000 after purchasing an additional 812 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 3.3%

OWL opened at $20.85 on Friday. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The company has a market capitalization of $32.06 billion, a PE ratio of 160.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The firm has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $20.39.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly 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). The firm had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.225 per share. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 dividend on an annualized basis and a yield of 4.32%. Blue Owl Capital's dividend payout ratio is 692.31%.

Analyst Ratings Changes

OWL has been the topic of several recent research reports. Wells Fargo & Company boosted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Citigroup decreased their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. Oppenheimer lifted their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday. Finally, JMP Securities reduced their price objective on Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Profile

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.

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