Janney Montgomery Scott LLC Boosts Stock Position in Blue Owl Capital Inc. $OWL

Janney Montgomery Scott LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,534 shares of the company’s stock after acquiring an additional 4,483 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Blue Owl Capital were worth $1,144,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Avior Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 20.1% in the second quarter. Avior Wealth Management LLC now owns 30,703 shares of the company’s stock worth $590,000 after purchasing an additional 5,141 shares during the last quarter. Townsend Asset Management Corp NC ADV grew its holdings in shares of Blue Owl Capital by 1.9% in the second quarter. Townsend Asset Management Corp NC ADV now owns 293,258 shares of the company’s stock worth $5,633,000 after purchasing an additional 5,527 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 4.8% in the second quarter. Foster Victor Wealth Advisors LLC now owns 654,566 shares of the company’s stock worth $12,725,000 after purchasing an additional 30,058 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Blue Owl Capital by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock worth $3,638,000 after purchasing an additional 27,995 shares during the last quarter. Finally, Toth Financial Advisory Corp grew its holdings in shares of Blue Owl Capital by 7.7% in the second quarter. Toth Financial Advisory Corp now owns 61,300 shares of the company’s stock worth $1,178,000 after purchasing an additional 4,400 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OWL has been the subject of several research reports. Oppenheimer upped their target price on Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Evercore ISI upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. The Goldman Sachs Group lowered their target price on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Raymond James Financial initiated coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.54.

Blue Owl Capital Stock Performance

OWL stock opened at $16.10 on Tuesday. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 178.85, a PEG ratio of 1.07 and a beta of 1.13. The firm has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $18.57. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $642.13 million. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given 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 is currently 1,000.00%.

Blue Owl Capital Company 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.