NewEdge Advisors LLC Trims Holdings in Blue Owl Capital Inc. $OWL

Key Points

• NewEdge Advisors reduced its Blue Owl Capital position by 47.5% in the second quarter, selling 203,725 shares and retaining 225,224 shares valued at approximately $1.97 million.
• Blue Owl reported quarterly revenue of $693.56 million and earnings of $0.22 per share, matching analysts’ expectations. The company also paid a quarterly dividend of $0.23 per share, representing a 9.4% annualized yield.
• OWL shares opened at $9.82, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $13.57.

NewEdge Advisors LLC decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 47.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,224 shares of the company's stock after selling 203,725 shares during the quarter. NewEdge Advisors LLC's holdings in Blue Owl Capital were worth $1,971,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company's stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares during the last quarter. Capital International Investors boosted its holdings in Blue Owl Capital by 4.3% in the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company's stock valued at $977,118,000 after purchasing an additional 2,676,281 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Blue Owl Capital by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 11,709,690 shares of the company's stock valued at $174,980,000 after purchasing an additional 555,371 shares during the last quarter. Norges Bank acquired a new stake in Blue Owl Capital during the 4th quarter worth about $140,643,000. Finally, William Blair Investment Management LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth about $113,782,000. Hedge funds and other institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Down 1.4%

Shares of OWL stock opened at $9.82 on Friday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.25. The business's 50 day moving average is $10.90 and its two-hundred day moving average is $9.94. The company has a market capitalization of $15.32 billion, a P/E ratio of 81.88, a P/E/G ratio of 1.10 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $693.56 million during 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%. On average, research analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital's dividend payout ratio (DPR) is presently 766.67%.

Analyst Ratings Changes

OWL has been the topic of several analyst reports. Citizens Jmp dropped their target price on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Zacks Research raised Blue Owl Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a "hold" rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Blue Owl Capital in a research note on Monday. Finally, Barclays lifted their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.57.

Blue Owl Capital Company Profile

Blue Owl Capital Inc NYSE: OWL is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl's platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.

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