Avalon Trust Co Sells 64,230 Shares of Blue Owl Capital Inc. $OWL

Avalon Trust Co reduced its position in Blue Owl Capital Inc. (NYSE:OWL) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 723,939 shares of the company’s stock after selling 64,230 shares during the quarter. Blue Owl Capital comprises about 1.0% of Avalon Trust Co’s portfolio, making the stock its 29th largest position. Avalon Trust Co’s holdings in Blue Owl Capital were worth $13,907,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kaizen Financial Strategies raised its position in Blue Owl Capital by 5.9% during the second quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock valued at $253,000 after purchasing an additional 730 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Blue Owl Capital by 22.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 93,158 shares of the company’s stock worth $1,790,000 after buying an additional 16,932 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Blue Owl Capital by 14.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after buying an additional 1,313,108 shares during the last quarter. M&G PLC boosted its stake in Blue Owl Capital by 27.1% in the second quarter. M&G PLC now owns 1,349,751 shares of the company’s stock valued at $25,645,000 after buying an additional 288,078 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in Blue Owl Capital by 14.8% in the second quarter. SBI Securities Co. Ltd. now owns 13,547 shares of the company’s stock valued at $260,000 after acquiring an additional 1,743 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $15.08 on Thursday. Blue Owl Capital Inc. has a 1 year low of $14.52 and a 1 year high of $26.73. The business’s 50-day moving average is $16.91 and its 200-day moving average is $18.33. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of 251.36, a P/E/G ratio of 1.12 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $727.99 million during the quarter, compared to the consensus estimate of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. 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 will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a yield of 6.0%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of research analyst reports. Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. boosted their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Barclays dropped their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Raymond James Financial assumed coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.