Townsend Asset Management Corp NC ADV Grows Stock Position in Blue Owl Capital Inc. $OWL

Townsend Asset Management Corp NC ADV lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 20.0% in the 1st quarter, Holdings Channel reports. The fund owned 391,734 shares of the company’s stock after buying an additional 65,387 shares during the quarter. Blue Owl Capital accounts for approximately 1.3% of Townsend Asset Management Corp NC ADV’s holdings, making the stock its 24th largest position. Townsend Asset Management Corp NC ADV’s holdings in Blue Owl Capital were worth $3,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners bought a new stake in Blue Owl Capital in the 4th quarter valued at about $25,000. Roxbury Financial LLC lifted its holdings in shares of Blue Owl Capital by 383.6% in the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after buying an additional 1,400 shares in the last quarter. Toronto Dominion Bank bought a new position in Blue Owl Capital in the 4th quarter valued at $26,000. Lavaca Capital LLC bought a new stake in Blue Owl Capital during the fourth quarter valued at $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after buying an additional 910 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $9.52 on Friday. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $20.99. The company has a fifty day moving average of $9.54 and a 200-day moving average of $10.79. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 79.33, a price-to-earnings-growth ratio of 1.04 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.7%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is 766.67%.

Analyst Ratings Changes

Several research firms have weighed in on OWL. The Goldman Sachs Group lowered their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. UBS Group reissued a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 11th. Piper Sandler decreased their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets lowered their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Barclays dropped their target price on shares of Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.16.

Blue Owl Capital 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.