Blue Owl Capital Inc. (NYSE:OWL) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 51.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,310 shares of the company’s stock after selling 126,935 shares during the quarter. Edgestream Partners L.P.’s holdings in Blue Owl Capital were worth $2,100,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Capital World Investors boosted its position in shares of Blue Owl Capital by 0.3% during the first quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after buying an additional 163,377 shares during the period. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 40,731,640 shares of the company’s stock valued at $768,199,000 after purchasing an additional 250,977 shares in the last quarter. Capital International Investors grew its stake in shares of Blue Owl Capital by 0.3% in the 1st quarter. Capital International Investors now owns 33,284,962 shares of the company’s stock worth $627,754,000 after purchasing an additional 107,321 shares during the last quarter. Capital Research Global Investors grew its position in Blue Owl Capital by 11.9% in the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after buying an additional 1,121,064 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Blue Owl Capital by 6.5% during the first quarter. Westfield Capital Management Co. LP now owns 4,529,065 shares of the company’s stock worth $85,418,000 after purchasing an additional 277,526 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OWL has been the topic of a number of recent analyst reports. Wells Fargo & Company assumed coverage on shares of Blue Owl Capital in a report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price target on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. TD Cowen restated a “hold” rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Piper Sandler reduced their price objective 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. Finally, UBS Group decreased 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $20.10.

Blue Owl Capital Stock Up 3.7 %

Shares of OWL stock opened at $18.84 on Friday. The company has a market capitalization of $26.92 billion, a P/E ratio of 157.00, a P/E/G 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. The firm has a 50-day moving average price of $17.73 and a 200 day moving average price of $18.03.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The firm had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the prior year, the firm earned $0.16 EPS. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.82%. 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.