63,295 Shares in Blue Owl Capital Inc. $OWL Purchased by Compass Financial Management LLC

Compass Financial Management LLC purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 63,295 shares of the company’s stock, valued at approximately $688,000.

Other institutional investors also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new stake in Blue Owl Capital in the 2nd quarter worth about $3,587,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Blue Owl Capital during the second quarter valued at approximately $190,000. EP Wealth Advisors LLC acquired a new position in shares of Blue Owl Capital during the second quarter valued at approximately $3,327,000. Ieq Capital LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at approximately $5,165,000. Finally, Lalia Capital LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at approximately $34,952,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $11.66 on Monday. The business has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $10.01. The firm has a market capitalization of $18.18 billion, a PE ratio of 97.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $19.29.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The firm had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analyst Upgrades and Downgrades

OWL has been the subject of several research reports. Keefe, Bruyette & Woods upgraded Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Oppenheimer lowered their target price on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. Finally, Capital One Financial set a $12.00 target price on shares of Blue Owl Capital in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.44.

Blue Owl Capital Company Profile

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.