Triasima Portfolio Management inc. Decreases Stock Holdings in Blue Owl Capital Inc. $OWL

Triasima Portfolio Management inc. trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,948 shares of the company’s stock after selling 3,045 shares during the period. Triasima Portfolio Management inc.’s holdings in Blue Owl Capital were worth $691,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. raised its holdings 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 valued at $42,000 after purchasing an additional 583 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Blue Owl Capital by 6.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock valued at $239,000 after purchasing an additional 724 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Blue Owl Capital by 4.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 20,469 shares of the company’s stock valued at $410,000 after purchasing an additional 784 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Blue Owl Capital by 4.5% during the first quarter. QRG Capital Management Inc. now owns 19,037 shares of the company’s stock valued at $381,000 after purchasing an additional 812 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after purchasing an additional 916 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $16.13 on Wednesday. The firm has a fifty day moving average price of $18.44 and a 200-day moving average price of $18.73. The stock has a market cap of $24.99 billion, a PE ratio of 179.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. Blue Owl Capital’s dividend payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

OWL has been the subject of several research reports. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Saturday, September 27th. Barclays upped their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Evercore ISI upped their target price 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. Finally, Oppenheimer upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $23.12.

Blue Owl Capital Company 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.