307,109 Shares in Blue Owl Capital Inc. $OWL Acquired by Odyssean LLC

Odyssean LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 307,109 shares of the company’s stock, valued at approximately $2,687,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arax Advisory Partners acquired a new stake in Blue Owl Capital during the 4th quarter worth $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $26,000. Burk Holdings LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $27,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $28,000. Finally, Essential Partners LLC boosted its position in shares of Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on OWL. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Barclays boosted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, Citizens Jmp cut their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. One 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, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $13.44.

Blue Owl Capital Price Performance

NYSE OWL opened at $11.80 on Wednesday. The firm has a market cap of $18.40 billion, a P/E ratio of 98.37, a P/E/G ratio of 1.29 and a beta of 1.19. The stock’s 50-day moving average is $10.15 and its 200-day moving average is $10.01. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29.

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

Blue Owl Capital Announces Dividend

The business 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. This represents a $0.92 annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 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.