Venture Visionary Partners LLC Purchases 396,722 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Venture Visionary Partners acquired 396,722 shares of Blue Owl Capital worth approximately $3.6 million, while institutional investors collectively own 35.85% of the company.
• Blue Owl reported quarterly EPS of $0.22, matching analyst expectations, and revenue of $693.56 million, slightly above consensus estimates.
• OWL shares opened at $9.07, compared with analysts’ average price target of $13.56. The company’s $0.23 quarterly dividend implies a 10.1% annualized yield, though its payout ratio is unusually high at 766.67%.

Venture Visionary Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 396,722 shares of the company's stock, valued at approximately $3,606,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OWL. RDST Capital LLC grew its stake in shares of Blue Owl Capital by 22.1% in the 1st quarter. RDST Capital LLC now owns 7,648,935 shares of the company's stock valued at $69,835,000 after buying an additional 1,383,450 shares during the period. Bank of New York Mellon Corp acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $54,883,000. Renaissance Technologies LLC boosted its holdings in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company's stock worth $55,375,000 after acquiring an additional 5,790,400 shares in the last quarter. Capital Research Global Investors boosted its holdings in Blue Owl Capital by 225.7% in the fourth quarter. Capital Research Global Investors now owns 4,299,836 shares of the company's stock worth $64,240,000 after acquiring an additional 2,979,567 shares in the last quarter. Finally, Estuary Capital Management LP grew its stake in Blue Owl Capital by 338.9% in the first quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company's stock valued at $38,321,000 after acquiring an additional 3,241,040 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Performance

OWL stock opened at $9.07 on Thursday. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $9.92. The company has a market capitalization of $14.15 billion, a P/E ratio of 75.63, a price-to-earnings-growth ratio of 1.07 and a beta of 1.35. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $17.33.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The firm had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 10.1%. Blue Owl Capital's dividend payout ratio is 766.67%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several recent research reports. 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. The Goldman Sachs Group increased their target price on Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a research report on Monday, August 3rd. UBS Group restated a "neutral" rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, TD Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Moderate Buy" and an average target price of $13.56.

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 and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl's GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.

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