NewEdge Advisors LLC Decreases Stock Position in Blue Owl Capital Inc. $OWL

NewEdge Advisors LLC cut its position in Blue Owl Capital Inc. (NYSE:OWL) by 47.5% during the second quarter, HoldingsChannel.com reports. The fund owned 225,224 shares of the company’s stock after selling 203,725 shares during the period. NewEdge Advisors LLC’s holdings in Blue Owl Capital were worth $1,971,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Blue Owl Capital by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 174,467 shares of the company’s stock valued at $1,527,000 after purchasing an additional 992 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Blue Owl Capital by 14.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 10,424 shares of the company’s stock worth $91,000 after purchasing an additional 1,353 shares during the last quarter. FFT Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 6.5% during the fourth quarter. FFT Wealth Management LLC now owns 29,641 shares of the company’s stock worth $443,000 after buying an additional 1,807 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 6.3% during the second quarter. Avior Wealth Management LLC now owns 34,142 shares of the company’s stock worth $299,000 after buying an additional 2,023 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Blue Owl Capital by 118.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 4,577 shares of the company’s stock valued at $40,000 after buying an additional 2,485 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on OWL. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research note on Monday. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Finally, TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.57.

Blue Owl Capital Trading Down 1.4%

Blue Owl Capital stock opened at $9.82 on Friday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.25. The stock has a market cap of $15.32 billion, a P/E ratio of 81.88, a PEG ratio of 1.10 and a beta of 1.22. The company has a 50-day moving average price of $10.90 and a 200 day moving average price of $9.94.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.23 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl’s platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.