Parcion Private Wealth LLC Makes New $4.79 Million Investment in Blue Owl Capital Inc. $OWL

Key Points

• Parcion Private Wealth LLC has made a new investment of approximately $4.79 million in Blue Owl Capital by acquiring 249,114 shares of the company's stock during the second quarter.
• Blue Owl Capital's stock received various target price adjustments from analysts; Evercore ISI increased it from $20.00 to $21.00, while Barclays reduced it from $23.00 to $21.00.
• Blue Owl Capital declared a quarterly dividend of $0.225 per share, with an annualized dividend yield of 5.3%, reflecting a highly significant payout ratio of 1,000.00%.

Parcion Private Wealth LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 249,114 shares of the company's stock, valued at approximately $4,785,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after purchasing an additional 7,206,495 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Blue Owl Capital by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock worth $193,821,000 after purchasing an additional 422,745 shares during the period. Federated Hermes Inc. lifted its stake in shares of Blue Owl Capital by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock worth $138,306,000 after purchasing an additional 24,800 shares during the period. Beck Mack & Oliver LLC lifted its stake in shares of Blue Owl Capital by 12.1% in the 1st quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company's stock worth $135,824,000 after purchasing an additional 732,452 shares during the period. Finally, Cresset Asset Management LLC lifted its stake in shares of Blue Owl Capital by 1.4% in the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock worth $123,061,000 after purchasing an additional 87,684 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore ISI raised their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Barclays cut their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a "neutral" rating for the company in a report on Monday, October 6th. Oppenheimer lowered their target price on shares of Blue Owl Capital from $25.00 to $24.00 and set an "outperform" rating for the company in a report on Tuesday, October 14th. Finally, Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and an average target price of $22.38.

Blue Owl Capital Trading Up 2.3%

Blue Owl Capital stock opened at $17.06 on Wednesday. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock's 50 day simple moving average is $17.83 and its two-hundred day simple moving average is $18.47. The firm has a market cap of $26.43 billion, a PE ratio of 189.58, a P/E/G ratio of 1.19 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

Blue Owl Capital Company 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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