Park Avenue Securities LLC Acquires Shares of 12,450 Blue Owl Capital Inc. $OWL

Park Avenue Securities LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,450 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OWL. MassMutual Private Wealth & Trust FSB increased its holdings in 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 worth $27,000 after acquiring an additional 1,050 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $31,000. SVB Wealth LLC purchased a new stake in shares of Blue Owl Capital during the first quarter worth about $38,000. Cullen Frost Bankers Inc. raised its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock valued at $45,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on OWL shares. Evercore ISI boosted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating for the company. Oppenheimer raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Barclays upped their target price on shares of Blue Owl Capital from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, Piper Sandler raised their price target on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $24.02.

Blue Owl Capital Stock Down 4.7%

OWL stock opened at $16.13 on Thursday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market cap of $25.00 billion, a price-to-earnings ratio of 179.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. The business has a fifty day moving average of $18.74 and a two-hundred day moving average of $18.85.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio (DPR) is 1,000.00%.

Blue Owl Capital Profile

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.