Morse Asset Management Inc Purchases 6,700 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Morse Asset Management Inc grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,900 shares of the company’s stock after acquiring an additional 6,700 shares during the period. Morse Asset Management Inc’s holdings in Blue Owl Capital were worth $335,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new position in Blue Owl Capital during the 1st quarter valued at approximately $26,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital during the second quarter valued at approximately $32,000. Family Firm Inc. purchased a new stake in Blue Owl Capital in the second quarter worth $40,000. Rothschild Investment LLC bought a new stake in Blue Owl Capital in the second quarter valued at $45,000. Finally, Triad Wealth Partners LLC purchased a new position in Blue Owl Capital during the 2nd quarter valued at $88,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $18.78 on Monday. The business has a fifty day moving average price of $17.78 and a 200-day moving average price of $18.04. The company has a market capitalization of $26.83 billion, a PE ratio of 156.50, a PEG ratio of 1.07 and a beta of 1.17. Blue Owl Capital Inc. has a 1-year low of $12.11 and a 1-year high of $20.13.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $549.85 million during the quarter, compared to analyst estimates of $507.22 million. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. During the same period last year, the business earned $0.16 EPS. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a yield of 3.83%. Blue Owl Capital’s payout ratio is currently 600.00%.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research reports. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, August 2nd. TD Cowen reiterated a “hold” rating and set a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Piper Sandler 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, July 10th. Wells Fargo & Company began coverage on Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.10.

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.