Parallel Advisors LLC Has $147,000 Position in Blue Owl Capital Inc. $OWL

Parallel Advisors LLC raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 18.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,637 shares of the company’s stock after buying an additional 1,169 shares during the quarter. Parallel Advisors LLC’s holdings in Blue Owl Capital were worth $147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of OWL. State of Wyoming grew its position in shares of Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares during the period. Vise Technologies Inc. grew its position in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after purchasing an additional 478 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $235,000. California State Teachers Retirement System grew its position in shares of Blue Owl Capital by 11.6% in the 4th quarter. California State Teachers Retirement System now owns 497,636 shares of the company’s stock valued at $11,575,000 after purchasing an additional 51,782 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company’s stock valued at $27,000 after purchasing an additional 1,050 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 0.6%

NYSE:OWL opened at $18.62 on Wednesday. The stock has a market cap of $28.86 billion, a P/E ratio of 206.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. The stock’s 50-day moving average is $19.12 and its 200-day moving average is $18.92. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The company had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.225 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.8%. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OWL shares. Oppenheimer upped their price target on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, July 14th. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Evercore ISI upped their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Barclays upped their price target on Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Piper Sandler upped their price target on Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 2nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $24.02.

About Blue Owl Capital

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.