Blue Owl Capital Inc. $OWL Shares Acquired by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,777,668 shares of the company’s stock after buying an additional 732,452 shares during the quarter. Blue Owl Capital comprises approximately 2.7% of Beck Mack & Oliver LLC’s investment portfolio, making the stock its 14th biggest holding. Beck Mack & Oliver LLC’s holdings in Blue Owl Capital were worth $135,824,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in OWL. MassMutual Private Wealth & Trust FSB grew 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 valued at $27,000 after buying an additional 1,050 shares during the period. SVB Wealth LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth about $38,000. Cullen Frost Bankers Inc. boosted its position in shares of Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after acquiring an additional 583 shares during the last quarter. Allworth Financial LP boosted its position in shares of Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after acquiring an additional 998 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new stake in Blue Owl Capital in the first quarter valued at approximately $50,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $18.50 on Friday. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The company has a market capitalization of $28.67 billion, a price-to-earnings ratio of 205.58, a PEG ratio of 1.21 and a beta of 1.16. The business has a 50-day moving average of $19.39 and a 200-day moving average of $19.33.

Blue Owl Capital (NYSE:OWL) last announced its 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 the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, August 14th. 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 the stock. Oppenheimer increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Raymond James Financial started coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a “market perform” rating on the stock. 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 note on Wednesday, July 2nd. Evercore ISI lifted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.02.

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.