Concurrent Investment Advisors LLC Has $3.28 Million Stock Holdings in Blue Owl Capital Inc. $OWL

Concurrent Investment Advisors LLC increased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 36.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 374,828 shares of the company’s stock after acquiring an additional 99,350 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Blue Owl Capital were worth $3,280,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nykredit A S acquired a new stake in Blue Owl Capital during the second quarter worth approximately $96,000. Ancora Advisors LLC acquired a new position in shares of Blue Owl Capital in the second quarter valued at approximately $3,202,000. Navellier & Associates Inc. acquired a new position in shares of Blue Owl Capital in the second quarter valued at approximately $738,000. Public Employees Retirement System of Ohio acquired a new position in shares of Blue Owl Capital in the second quarter valued at approximately $1,651,000. Finally, Corient Private Wealth LP bought a new position in shares of Blue Owl Capital during the second quarter worth approximately $13,520,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.2%

Shares of Blue Owl Capital stock opened at $11.77 on Tuesday. The company has a 50 day moving average of $10.67 and a 200-day moving average of $9.97. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $19.29. The company has a market cap of $18.35 billion, a PE ratio of 98.09, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

Analyst Ratings Changes

Several research firms recently issued reports on OWL. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. Finally, Oppenheimer lifted their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.57.

Blue Owl Capital Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.