Frank Rimerman Advisors LLC Purchases Shares of 37,692 Blue Owl Capital Inc. (NYSE:OWL)

Frank Rimerman Advisors LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 37,692 shares of the company’s stock, valued at approximately $669,000.

Other institutional investors also recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Blue Owl Capital in the first quarter valued at about $26,000. ORG Partners LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $32,000. Family Firm Inc. acquired a new stake in Blue Owl Capital in the 2nd quarter valued at $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 acquired a new position in Blue Owl Capital during the second quarter worth $88,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OWL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of Blue Owl Capital in a report on Thursday, June 13th. Wells Fargo & Company began coverage on shares of Blue Owl Capital in a research note on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price objective on the stock. Oppenheimer upgraded shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, UBS Group cut their price objective on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.10.

Blue Owl Capital Trading Up 0.4 %

Blue Owl Capital stock opened at $18.86 on Tuesday. The company has a market cap of $26.94 billion, a PE ratio of 157.13, 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. The company’s 50-day moving average is $17.80 and its two-hundred day moving average is $18.05.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $549.85 million for the quarter, compared to analysts’ expectations 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 firm earned $0.16 earnings per share. Research analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.82%. The ex-dividend date was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 600.00%.

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.