Blue Owl Capital Inc. $OWL Position Boosted by Meridian Wealth Management LLC

Meridian Wealth Management LLC grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,352 shares of the company’s stock after purchasing an additional 7,757 shares during the period. Meridian Wealth Management LLC’s holdings in Blue Owl Capital were worth $2,504,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its stake 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 buying an additional 583 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Blue Owl Capital by 6.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock worth $239,000 after purchasing an additional 724 shares in the last quarter. Kaizen Financial Strategies grew its stake in shares of Blue Owl Capital by 5.9% in the 2nd quarter. Kaizen Financial Strategies now owns 13,155 shares of the company’s stock valued at $253,000 after buying an additional 730 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Blue Owl Capital by 4.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 20,469 shares of the company’s stock worth $410,000 after buying an additional 784 shares during the last quarter. Finally, Keybank National Association OH raised its position in Blue Owl Capital by 5.2% during the second quarter. Keybank National Association OH now owns 18,326 shares of the company’s stock valued at $352,000 after acquiring an additional 906 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 1.4%

OWL opened at $14.62 on Friday. Blue Owl Capital Inc. has a 1-year low of $14.38 and a 1-year high of $26.73. The business has a 50 day moving average of $16.78 and a 200-day moving average of $18.28. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 243.62, a P/E/G ratio of 1.09 and a beta of 1.12.

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 net margin of 1.89% and a return on equity of 20.05%. The company had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, November 10th. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

Analyst Ratings Changes

Several research firms have commented on OWL. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Barclays decreased their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. Oppenheimer set a $25.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Blue Owl Capital 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.