NewEdge Advisors LLC Has $3.92 Million Position in Blue Owl Capital Inc. $OWL

NewEdge Advisors LLC lifted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 21.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 428,949 shares of the company’s stock after acquiring an additional 74,926 shares during the period. NewEdge Advisors LLC’s holdings in Blue Owl Capital were worth $3,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kingswood Wealth Advisors LLC grew its stake in Blue Owl Capital by 1.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock worth $1,149,000 after purchasing an additional 909 shares during the period. VestGen Advisors LLC lifted its stake in Blue Owl Capital by 5.4% in the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock valued at $267,000 after buying an additional 912 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Blue Owl Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after buying an additional 1,182 shares during the period. Deutsche Bank AG lifted its stake in Blue Owl Capital by 1.6% in the fourth quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after buying an additional 1,222 shares during the period. Finally, Utah Retirement Systems boosted its holdings in shares of Blue Owl Capital by 4.4% during the 4th quarter. Utah Retirement Systems now owns 33,675 shares of the company’s stock worth $503,000 after buying an additional 1,429 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.7%

OWL opened at $12.23 on Thursday. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $20.49. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 101.93, a PEG ratio of 1.38 and a beta of 1.19. The company’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $10.13.

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

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Blue Owl Capital’s payout ratio is 766.67%.

Analysts Set New Price Targets

OWL has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. BMO Capital Markets raised their price target on shares of Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Oppenheimer decreased their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, The Goldman Sachs Group upped their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $13.44.

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.