Sanctuary Advisors LLC Buys New Shares in Blue Owl Capital Inc. $OWL

Key Points

• Sanctuary Advisors initiated a position in Blue Owl Capital, purchasing 277,664 shares valued at approximately $3.0 million. Other institutions also added shares, bringing institutional and hedge-fund ownership to 35.85%.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus rating of “Moderate Buy” and an average price target of $13.44. Recent target increases came from Barclays, BMO Capital Markets, and Goldman Sachs.
• Blue Owl reported quarterly EPS of $0.22, in line with estimates, and revenue of $693.56 million. The company declared a quarterly dividend of $0.23, equivalent to a 7.8% annualized yield, although its payout ratio is exceptionally high at 766.67%.

Sanctuary Advisors LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 277,664 shares of the company's stock, valued at approximately $3,018,000.

Other large investors have also bought and sold shares of the company. Burk Holdings LLC bought a new stake in Blue Owl Capital in the second quarter valued at $27,000. Compass Financial Management LLC acquired a new position in shares of Blue Owl Capital during the second quarter valued at about $688,000. Elevation Point Wealth Partners LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth about $3,587,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Blue Owl Capital during the 2nd quarter worth about $190,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $3,327,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on OWL. Citigroup reaffirmed a "market outperform" rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Barclays raised their price objective 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. BMO Capital Markets boosted 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. Finally, The Goldman Sachs Group upped their target price on Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.44.

Blue Owl Capital Price Performance

OWL opened at $11.80 on Wednesday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29. The firm has a market capitalization of $18.40 billion, a PE ratio of 98.37, a P/E/G ratio of 1.29 and a beta of 1.19. The company's 50-day moving average is $10.15 and its 200 day moving average is $10.01.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to analysts' expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. Blue Owl Capital's dividend payout ratio is 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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