RDST Capital LLC Has $30.71 Million Stock Holdings in Blue Owl Capital Inc. (NYSE:OWL)

RDST Capital LLC grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,730,320 shares of the company’s stock after buying an additional 21,325 shares during the quarter. Blue Owl Capital accounts for 8.1% of RDST Capital LLC’s holdings, making the stock its 7th largest holding. RDST Capital LLC owned about 0.12% of Blue Owl Capital worth $30,713,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc lifted its stake in Blue Owl Capital by 54.9% in the second quarter. Morse Asset Management Inc now owns 18,900 shares of the company’s stock worth $335,000 after acquiring an additional 6,700 shares during the period. Xponance Inc. raised its holdings in shares of Blue Owl Capital by 180.7% in the 2nd quarter. Xponance Inc. now owns 64,957 shares of the company’s stock valued at $1,153,000 after purchasing an additional 41,816 shares in the last quarter. Magnetar Financial LLC purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $1,558,000. DRW Securities LLC bought a new position in shares of Blue Owl Capital during the second quarter valued at approximately $717,000. Finally, Gabelli Funds LLC boosted its stake in shares of Blue Owl Capital by 4.4% during the second quarter. Gabelli Funds LLC now owns 155,000 shares of the company’s stock valued at $2,751,000 after purchasing an additional 6,500 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.4 %

Shares of Blue Owl Capital stock opened at $18.86 on Tuesday. The firm’s 50 day simple moving average is $17.80 and its two-hundred day simple moving average is $18.05. The firm has a market capitalization of $26.94 billion, a price-to-earnings ratio of 157.13, a PEG ratio of 1.07 and a beta of 1.17. Blue Owl Capital Inc. has a 12-month low of $12.11 and a 12-month high of $20.13.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio (DPR) is 600.00%.

Analyst Ratings Changes

A number of analysts have weighed in on OWL shares. TD Cowen restated 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. Oppenheimer raised Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, August 2nd. UBS Group cut their target price on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wells Fargo & Company started coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price target for the company. Finally, Piper Sandler cut their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.