Triumph Capital Management Has $822,000 Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Triumph Capital Management increased its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 105.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,000 shares of the company's stock after buying an additional 21,000 shares during the period. Triumph Capital Management's holdings in Blue Owl Capital were worth $822,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in OWL. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after purchasing an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after acquiring an additional 583 shares during the last quarter. Allworth Financial LP raised its stake in Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares in the last quarter. State of Wyoming raised its stake in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Blue Owl Capital by 205.6% in the first quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock valued at $61,000 after acquiring an additional 2,033 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

OWL stock traded down $0.34 during trading hours on Friday, reaching $19.98. The stock had a trading volume of 8,931,982 shares, compared to its average volume of 7,861,474. The stock has a market capitalization of $30.72 billion, a PE ratio of 153.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.17. The stock has a 50-day simple moving average of $19.17 and a 200 day simple moving average of $20.28. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.03). The firm had revenue of $620.19 million during the quarter, compared to analyst estimates of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a yield of 4.51%. Blue Owl Capital's dividend payout ratio (DPR) is 692.31%.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Oppenheimer upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. UBS Group reduced their target price on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Finally, Barclays lifted their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

About Blue Owl Capital

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.