Blue Owl Capital Inc. $OWL Shares Sold by Scholtz & Company LLC

Scholtz & Company LLC cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 166,790 shares of the company’s stock after selling 2,160 shares during the period. Blue Owl Capital comprises about 1.4% of Scholtz & Company LLC’s holdings, making the stock its 26th largest position. Scholtz & Company LLC’s holdings in Blue Owl Capital were worth $3,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OWL. Banque Transatlantique SA acquired a new position in shares of Blue Owl Capital during the 1st quarter valued at $31,000. SVB Wealth LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter valued at $38,000. Cullen Frost Bankers Inc. lifted its holdings 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 valued at $42,000 after acquiring an additional 583 shares in the last quarter. Allworth Financial LP grew its stake 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 valued at $45,000 after buying an additional 998 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $50,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OWL. BMO Capital Markets began coverage on Blue Owl Capital in a research note on Friday, October 3rd. They issued an “outperform” rating and a $18.00 target price for the company. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. JPMorgan Chase & Co. increased their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Finally, Barclays lowered their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.36.

Blue Owl Capital Stock Down 4.2%

OWL stock opened at $15.87 on Friday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock’s 50 day moving average is $17.47 and its two-hundred day moving average is $18.45. The company has a market capitalization of $24.59 billion, a PE ratio of 176.32, a P/E/G ratio of 1.19 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The company had revenue of $727.99 million for the quarter, compared to the consensus estimate of $685.95 million. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s dividend payout ratio is 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.