EP Wealth Advisors LLC Takes $3.33 Million Position in Blue Owl Capital Inc. $OWL

EP Wealth Advisors LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 306,066 shares of the company's stock, valued at approximately $3,327,000.

A number of other hedge funds also recently made changes to their positions in OWL. Edgestream Partners L.P. boosted its stake in Blue Owl Capital by 374.3% in the first quarter. Edgestream Partners L.P. now owns 254,565 shares of the company's stock valued at $2,324,000 after acquiring an additional 200,896 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Blue Owl Capital by 129.4% during the 4th quarter. Hsbc Holdings PLC now owns 239,674 shares of the company's stock valued at $3,590,000 after acquiring an additional 135,184 shares during the period. Renaissance Technologies LLC increased its stake in shares of Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company's stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the last quarter. Verity & Verity LLC increased its stake in shares of Blue Owl Capital by 45.2% during the 4th quarter. Verity & Verity LLC now owns 1,036,594 shares of the company's stock worth $15,487,000 after purchasing an additional 322,530 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Blue Owl Capital by 38.8% in the 1st quarter. Royal Bank of Canada now owns 892,317 shares of the company's stock worth $8,147,000 after purchasing an additional 249,461 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets increased their price objective on Blue Owl Capital from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. UBS Group restated a "neutral" rating and issued a $9.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 11th. Barclays boosted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a research note on Friday, July 31st. The Goldman Sachs Group increased their price target on Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $13.44.

Blue Owl Capital Trading Up 2.3%

OWL opened at $11.66 on Friday. The company has a 50 day moving average of $10.07 and a 200 day moving average of $10.03. The company 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 Inc. has a 12 month low of $7.95 and a 12 month high of $19.29.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The business had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Research analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share 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 27th. Stockholders of record on Thursday, August 13th will be given a $0.23 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 7.9%. Blue Owl Capital's payout ratio is 766.67%.

About Blue Owl Capital

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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