Csenge Advisory Group Makes New $604,000 Investment in Blue Owl Capital Inc. $OWL

Csenge Advisory Group bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, HoldingsChannel reports. The fund bought 55,556 shares of the company’s stock, valued at approximately $604,000.

Other large investors have also made changes to their positions in the company. Arax Advisory Partners purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital in the 4th quarter valued at $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at $28,000. Essential Partners LLC grew its holdings in Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock valued at $29,000 after buying an additional 2,833 shares in the last quarter. Finally, CX Institutional increased its stake in shares of Blue Owl Capital by 881.5% in the 2nd quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after acquiring an additional 3,050 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on OWL shares. Citizens Jmp reduced their price target on Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, July 9th. Barclays upped their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. The Goldman Sachs Group raised their price objective on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Oppenheimer reduced 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. Finally, TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.44.

Blue Owl Capital Stock Down 3.0%

Shares of Blue Owl Capital stock opened at $11.42 on Friday. The firm has a market cap of $17.80 billion, a PE ratio of 95.17, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29. The business’s fifty day simple moving average is $10.03 and its 200-day simple moving average is $10.02.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. As a group, equities analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.1%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

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.