Blue Owl Capital Inc. $OWL Stock: Turtle Creek Wealth Advisors LLC Lowers Position

Turtle Creek Wealth Advisors LLC lessened its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 48.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 66,591 shares of the company’s stock after selling 62,222 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. RDST Capital LLC raised its stake in shares of Blue Owl Capital by 22.1% in the first quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock worth $69,835,000 after buying an additional 1,383,450 shares during the period. Renaissance Technologies LLC grew its stake in shares of Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after acquiring an additional 5,790,400 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Blue Owl Capital during the 2nd quarter valued at approximately $54,883,000. Estuary Capital Management LP grew its stake in shares of Blue Owl Capital by 338.9% during the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after acquiring an additional 3,241,040 shares during the period. Finally, Lalia Capital LLC purchased a new stake in Blue Owl Capital in the 2nd quarter worth approximately $34,952,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on OWL. Barclays raised their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Citizens Jmp dropped their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. HSBC set a $17.00 price objective on shares of Blue Owl Capital in a research report on Thursday, September 24th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $13.36.

Blue Owl Capital Trading Up 2.0%

Shares of OWL opened at $8.96 on Friday. The business’s 50 day moving average is $10.62 and its 200 day moving average is $9.93. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $17.30. The company has a market capitalization of $13.98 billion, a PE ratio of 74.71, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting 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 business had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. Equities research analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital’s payout ratio is 766.67%.

About Blue Owl Capital

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl’s GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.