Verdence Capital Advisors LLC Raises Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Verdence Capital Advisors LLC raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 19.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 115,421 shares of the company's stock after buying an additional 18,551 shares during the period. Verdence Capital Advisors LLC's holdings in Blue Owl Capital were worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OWL. Vise Technologies Inc. boosted its holdings in Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after buying an additional 478 shares during the last quarter. Teza Capital Management LLC raised its position in shares of Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock valued at $673,000 after buying an additional 485 shares during the period. State of Wyoming raised its position in shares of 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 buying an additional 503 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the period. Finally, Benjamin Edwards Inc. raised its position in Blue Owl Capital by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock valued at $532,000 after purchasing an additional 658 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on OWL shares. UBS Group cut their target price on 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 shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Citigroup decreased their price objective on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Barclays upped their price objective 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. Finally, Piper Sandler increased their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Down 0.9%

NYSE OWL traded down $0.18 during trading hours on Friday, hitting $20.62. 7,204,300 shares of the stock were exchanged, compared to its average volume of 7,000,173. 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 $31.71 billion, a price-to-earnings ratio of 158.63, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. The stock has a 50-day moving average of $19.13 and a 200 day moving average of $20.35.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its 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 company had revenue of $620.19 million during the quarter, compared to analysts' expectations of $636.44 million. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were given a $0.225 dividend. The ex-dividend date was Wednesday, May 14th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.18. This represents a $0.90 annualized dividend and a dividend yield of 4.36%. Blue Owl Capital's dividend payout ratio is currently 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.