Foster Victor Wealth Advisors LLC Purchases 30,058 Shares of Blue Owl Capital Inc. $OWL

Foster Victor Wealth Advisors LLC increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 654,566 shares of the company’s stock after buying an additional 30,058 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $12,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position 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 valued at $3,638,000 after acquiring an additional 27,995 shares during the period. Toth Financial Advisory Corp grew its stake 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. Park Avenue Securities LLC bought a new stake in shares of Blue Owl Capital in the second quarter worth about $239,000. Border to Coast Pensions Partnership Ltd increased its holdings in Blue Owl Capital by 7.1% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 750,000 shares of the company’s stock valued at $14,408,000 after purchasing an additional 50,000 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new position in Blue Owl Capital during the 2nd quarter valued at approximately $293,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.6%

Shares of NYSE OWL opened at $18.62 on Wednesday. The firm has a market cap of $28.86 billion, a P/E ratio of 206.95, a PEG ratio of 1.21 and a beta of 1.16. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The company has a 50 day moving average of $19.12 and a 200 day moving average of $18.92.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on OWL shares. Evercore ISI lifted their price objective 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. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Barclays raised their target price on shares of 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, Raymond James Financial assumed coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating on the stock. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, 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.