42,199 Shares in Blue Owl Capital Inc. (NYSE:OWL) Bought by Algert Global LLC

Algert Global LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,199 shares of the company’s stock, valued at approximately $749,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of OWL. Transcendent Capital Group LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $26,000. ORG Partners LLC acquired a new position in shares of Blue Owl Capital during the second quarter worth $32,000. Family Firm Inc. purchased a new position in shares of Blue Owl Capital in the second quarter valued at $40,000. Rothschild Investment LLC acquired a new stake in Blue Owl Capital during the 2nd quarter valued at $45,000. Finally, Triad Wealth Partners LLC acquired a new position in Blue Owl Capital in the 2nd quarter worth $88,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Oppenheimer upgraded 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 lowered their price objective on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research note 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 report 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, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price target on shares of Blue Owl Capital in a report on Thursday, June 13th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.44.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $20.88 on Friday. Blue Owl Capital Inc. has a 1 year low of $12.11 and a 1 year high of $20.97. The firm’s 50-day moving average is $17.85 and its 200-day moving average is $18.18. The company has a market cap of $29.83 billion, a P/E ratio of 174.00, a PEG ratio of 1.19 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 quarter last year, the company posted $0.16 earnings per share. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given 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 yield of 3.45%. Blue Owl Capital’s dividend payout ratio is currently 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.