Obermeyer Wood Investment Counsel Lllp Lowers Stock Position in Blue Owl Capital Inc. (NYSE:OWL)

Obermeyer Wood Investment Counsel Lllp lessened its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,492 shares of the company’s stock after selling 1,720 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Blue Owl Capital were worth $2,955,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OWL. International Assets Investment Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $1,690,000. Natixis Advisors L.P. boosted its holdings in Blue Owl Capital by 8.3% during the fourth quarter. Natixis Advisors L.P. now owns 982,313 shares of the company’s stock worth $14,636,000 after buying an additional 74,931 shares in the last quarter. Amalgamated Bank boosted its holdings in Blue Owl Capital by 34.0% during the fourth quarter. Amalgamated Bank now owns 72,225 shares of the company’s stock worth $1,076,000 after buying an additional 18,315 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in Blue Owl Capital during the fourth quarter worth $26,000. Finally, M&T Bank Corp boosted its holdings in Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after buying an additional 753 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on OWL shares. TD Cowen reissued 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 13th. Citigroup reaffirmed a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.23.

Blue Owl Capital Trading Down 0.4 %

NYSE OWL traded down $0.07 during trading on Friday, reaching $17.64. 4,260,233 shares of the company’s stock were exchanged, compared to its average volume of 5,154,470. Blue Owl Capital Inc. has a fifty-two week low of $11.54 and a fifty-two week high of $20.13. The firm has a market capitalization of $25.20 billion, a PE ratio of 147.00, a P/E/G ratio of 1.11 and a beta of 1.18. The company’s fifty day simple moving average is $17.83 and its 200-day simple moving average is $18.09.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.16 earnings per share. Equities analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.08%. Blue Owl Capital’s payout ratio is 600.00%.

About Blue Owl Capital

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.