Mount Yale Investment Advisors LLC Takes $231,000 Position in Blue Owl Capital Inc. (NYSE:OWL)

Mount Yale Investment Advisors LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,992 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds also recently added to or reduced their stakes in OWL. Stone Point Capital LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth about $112,749,000. Kinetic Partners Management LP acquired a new position in Blue Owl Capital during the 1st quarter valued at approximately $69,600,000. Capital International Investors raised its holdings in shares of Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock worth $494,347,000 after buying an additional 3,565,657 shares during the last quarter. State of New Jersey Common Pension Fund A acquired a new stake in shares of Blue Owl Capital during the second quarter worth $63,115,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $46,030,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on OWL shares. Piper Sandler lowered their price target on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Wells Fargo & Company assumed 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. TD Cowen reaffirmed a “hold” rating and issued a $19.00 price objective (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.50 target price 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.10.

Blue Owl Capital Stock Up 1.5 %

Shares of Blue Owl Capital stock opened at $19.15 on Wednesday. The firm has a market cap of $27.36 billion, a PE ratio of 159.58, a P/E/G ratio of 1.07 and a beta of 1.17. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $20.13. The business has a 50-day moving average price of $17.81 and a 200 day moving average price of $18.06.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.76%. Blue Owl Capital’s dividend payout ratio is currently 600.00%.

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.