Blue Owl Capital Inc. (NYSE:OWL) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 19.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,421 shares of the company's stock after purchasing an additional 18,551 shares during the quarter. Verdence Capital Advisors LLC's holdings in Blue Owl Capital were worth $2,313,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OWL shares. Cfra Research raised Blue Owl Capital to a "moderate buy" rating in a research note on Thursday, March 27th. UBS Group cut their price objective on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company boosted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Oppenheimer increased their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Citigroup decreased their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of NYSE OWL traded down $0.59 during trading hours on Monday, hitting $20.03. The company's stock had a trading volume of 5,036,378 shares, compared to its average volume of 6,992,317. The business has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $20.33. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market cap of $30.80 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 1.41 and a beta of 1.17.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.49%. The ex-dividend date was Wednesday, May 14th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.18. Blue Owl Capital's dividend payout ratio is 692.31%.

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.