Lyell Wealth Management LP Takes $8.70 Million Position in Blue Owl Capital Inc. $OWL

Lyell Wealth Management LP acquired a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 453,017 shares of the company’s stock, valued at approximately $8,702,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new stake in shares of Blue Owl Capital in the first quarter worth about $31,000. SVB Wealth LLC purchased a new position in Blue Owl Capital during the 1st quarter valued at approximately $38,000. Cullen Frost Bankers Inc. increased its stake in Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after acquiring an additional 583 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Blue Owl Capital by 70.5% during the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after acquiring an additional 998 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after acquiring an additional 916 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

OWL has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They set a “market perform” rating for the company. Citigroup cut their price objective on shares of Blue Owl Capital from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.38.

Blue Owl Capital Stock Up 2.1%

OWL stock opened at $16.22 on Monday. The business’s fifty day simple moving average is $17.95 and its two-hundred day simple moving average is $18.48. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of 180.21, a PEG ratio of 1.16 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. Research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s payout ratio is currently 1,000.00%.

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.