Atlas Capital Advisors LLC Buys New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Atlas Capital Advisors LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,511 shares of the company’s stock, valued at approximately $311,000.

A number of other hedge funds also recently made changes to their positions in OWL. Benjamin F. Edwards & Company Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at $26,000. Salem Investment Counselors Inc. lifted its stake in shares of Blue Owl Capital by 58.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 1,159 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth about $89,000. Private Trust Co. NA grew its holdings in shares of Blue Owl Capital by 112.8% during the 4th quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock worth $98,000 after purchasing an additional 3,483 shares during the period. Finally, Signaturefd LLC raised its holdings in Blue Owl Capital by 26.8% in the fourth quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock valued at $111,000 after buying an additional 1,580 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL opened at $17.90 on Friday. The firm’s 50 day moving average is $18.23 and its 200-day moving average is $17.23. Blue Owl Capital Inc. has a 12-month low of $10.64 and a 12-month high of $19.87. The stock has a market capitalization of $25.58 billion, a P/E ratio of 149.17, a P/E/G ratio of 1.08 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $486.55 million for the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a net margin of 3.84% and a return on equity of 18.15%. As a group, equities research analysts forecast that Blue Owl Capital Inc. will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.02%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a research note on Monday, June 10th. Piper Sandler boosted their price objective on Blue Owl Capital from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Citigroup restated a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, May 14th. UBS Group raised Blue Owl Capital from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, TD Cowen reduced their price target on shares of Blue Owl Capital from $23.00 to $21.50 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.27.

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.