35,454 Shares in Blue Owl Capital Inc. (NYSE:OWL) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 1st quarter, HoldingsChannel reports. The firm acquired 35,454 shares of the company’s stock, valued at approximately $710,000.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Blue Owl Capital by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company’s stock valued at $53,223,000 after buying an additional 229,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Blue Owl Capital by 13.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company’s stock worth $230,000 after purchasing an additional 1,357 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Blue Owl Capital by 16.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company’s stock valued at $1,358,000 after buying an additional 9,522 shares during the last quarter. Townsend Asset Management Corp NC ADV grew its stake in Blue Owl Capital by 8.6% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company’s stock valued at $5,766,000 after buying an additional 22,778 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Blue Owl Capital in the 1st quarter valued at about $1,581,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on OWL. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Cfra Research raised shares of Blue Owl Capital to a “moderate buy” rating in a research report on Thursday, March 27th. JMP Securities lowered their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. UBS Group reduced 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. Finally, Barclays increased 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 report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $24.02.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.18 during mid-day trading on Friday, hitting $20.62. The stock had a trading volume of 7,204,300 shares, compared to its average volume of 6,991,879. The firm’s 50 day moving average is $19.13 and its 200 day moving average is $20.37. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The stock has a market capitalization of $31.71 billion, a price-to-earnings ratio of 158.63, a PEG ratio of 1.42 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $620.19 million during the quarter, compared to analysts’ expectations of $636.44 million. Blue Owl Capital had a net margin of 3.73% and a return on equity of 19.74%. As a group, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, May 14th. Blue Owl Capital’s payout ratio is 692.31%.

Blue Owl Capital 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.