Orion Portfolio Solutions LLC Purchases 3,649 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Orion Portfolio Solutions LLC raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,969 shares of the company’s stock after buying an additional 3,649 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Blue Owl Capital were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new position in Blue Owl Capital during the third quarter worth about $32,000. Family Firm Inc. acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $40,000. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $45,000. Signaturefd LLC increased its holdings in shares of Blue Owl Capital by 19.3% during the third quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after purchasing an additional 1,476 shares during the period. Finally, Boyd Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $185,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OWL. JMP Securities restated a “market outperform” rating and set a $27.00 price objective on shares of Blue Owl Capital in a research note on Wednesday, December 4th. Wells Fargo & Company raised their price target on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upped their price objective on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer raised their target price on shares of Blue Owl Capital from $24.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Piper Sandler upped their price target on shares of Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $22.98.

Blue Owl Capital Trading Down 0.7 %

Shares of Blue Owl Capital stock opened at $24.37 on Monday. The firm has a market capitalization of $36.40 billion, a PE ratio of 143.35, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The firm’s 50 day moving average is $22.96 and its 200 day moving average is $19.67. Blue Owl Capital Inc. has a 1 year low of $13.61 and a 1 year high of $25.03.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Blue Owl Capital had a net margin of 4.95% and a return on equity of 19.98%. The company had revenue of $600.88 million during the quarter, compared to the consensus estimate of $565.93 million. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Monday, November 11th. Blue Owl Capital’s payout ratio is 423.53%.

Blue Owl Capital Company Profile

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.