Steward Partners Investment Advisory LLC Boosts Stock Position in Blue Owl Capital Inc. $OWL

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Blue Owl Capital by 18%, owning 320,413 shares valued at approximately $6.42 million after acquiring additional shares in Q1.
• Blue Owl Capital declared a quarterly dividend of $0.225, representing an annualized yield of 4.7% and a payout ratio of 1000%.
• Blue Owl's latest earnings report showed an EPS of $0.21 and revenue of $703.11 million, surpassing analyst expectations.

Steward Partners Investment Advisory LLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 320,413 shares of the company's stock after purchasing an additional 48,921 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Blue Owl Capital were worth $6,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of OWL. Russell Investments Group Ltd. lifted its holdings in shares of Blue Owl Capital by 3.5% during the fourth quarter. Russell Investments Group Ltd. now owns 31,465 shares of the company's stock worth $732,000 after purchasing an additional 1,064 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $15,206,000. Townsquare Capital LLC lifted its holdings in shares of Blue Owl Capital by 43.0% during the fourth quarter. Townsquare Capital LLC now owns 19,169 shares of the company's stock worth $446,000 after purchasing an additional 5,763 shares during the period. Mariner LLC lifted its holdings in shares of Blue Owl Capital by 4.2% during the fourth quarter. Mariner LLC now owns 52,296 shares of the company's stock worth $1,216,000 after purchasing an additional 2,116 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $417,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OWL shares. Wells Fargo & Company increased their price objective 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. Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Raymond James Financial started coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a "market perform" rating for the company. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Trading Up 1.3%

Shares of OWL stock traded up $0.2350 during mid-day trading on Friday, reaching $18.7950. The stock had a trading volume of 4,265,621 shares, compared to its average volume of 7,750,769. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market cap of $29.12 billion, a P/E ratio of 208.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. The business has a 50-day simple moving average of $19.40 and a 200 day simple moving average of $19.59.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Research analysts anticipate that Blue Owl Capital Inc. will post 0.92 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 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) 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.