Diversify Advisory Services LLC Buys New Holdings in Blue Owl Capital Inc. $OWL

Diversify Advisory Services LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 126,678 shares of the company’s stock, valued at approximately $1,383,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new position in Blue Owl Capital during the 4th quarter valued at about $25,000. Toronto Dominion Bank bought a new stake in shares of Blue Owl Capital in the 4th quarter worth $26,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital during the fourth quarter valued at about $28,000. Essential Partners LLC lifted its position in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after purchasing an additional 2,833 shares in the last quarter. Finally, CX Institutional boosted its holdings in Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after purchasing an additional 3,050 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OWL shares. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Oppenheimer dropped their price target on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Capital One Financial set a $12.00 price objective on Blue Owl Capital in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Stock Up 1.7%

Shares of NYSE:OWL opened at $11.78 on Thursday. The firm has a market capitalization of $18.37 billion, a PE ratio of 98.20, a P/E/G ratio of 1.29 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $19.29. The company has a 50-day moving average price of $9.99 and a two-hundred day moving average price of $10.04.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. Analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. Blue Owl Capital’s payout ratio is presently 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.