Tranquility Partners LLC Purchases 60,266 Shares of Blue Owl Capital Inc. $OWL

Tranquility Partners LLC grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 22.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,098 shares of the company’s stock after buying an additional 60,266 shares during the period. Blue Owl Capital makes up 1.1% of Tranquility Partners LLC’s holdings, making the stock its 19th biggest position. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $2,986,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OWL. Krilogy Financial LLC grew its stake in shares of Blue Owl Capital by 14.8% in the first quarter. Krilogy Financial LLC now owns 21,420 shares of the company’s stock valued at $207,000 after acquiring an additional 2,763 shares in the last quarter. Clear Trail Advisors LLC raised its stake in Blue Owl Capital by 41.4% in the 1st quarter. Clear Trail Advisors LLC now owns 19,882 shares of the company’s stock worth $182,000 after purchasing an additional 5,823 shares in the last quarter. Evolve Private Wealth LLC raised its stake in Blue Owl Capital by 78.4% in the 1st quarter. Evolve Private Wealth LLC now owns 19,419 shares of the company’s stock worth $177,000 after purchasing an additional 8,534 shares in the last quarter. Diversified Trust Co boosted its holdings in Blue Owl Capital by 13.0% in the 1st quarter. Diversified Trust Co now owns 55,287 shares of the company’s stock valued at $505,000 after purchasing an additional 6,369 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $2,118,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OWL. UBS Group reaffirmed a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a report on Thursday, June 11th. The Goldman Sachs Group cut their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. BMO Capital Markets lowered their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Finally, Citizens Jmp dropped their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Stock Down 3.3%

OWL stock opened at $8.93 on Wednesday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The firm has a market cap of $13.88 billion, a P/E ratio of 74.42, a P/E/G ratio of 0.97 and a beta of 1.20. The company’s 50-day moving average price is $9.74 and its two-hundred day moving average price is $11.61.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a dividend of $0.23 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 10.3%. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.