Tranquility Partners LLC Has $4.99 Million Stock Holdings in Blue Owl Capital Inc. $OWL

Tranquility Partners LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 259,732 shares of the company’s stock after purchasing an additional 3,357 shares during the period. Blue Owl Capital makes up 1.8% of Tranquility Partners LLC’s portfolio, making the stock its 12th biggest position. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $4,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Wealth Enhancement Advisory Services LLC acquired a new position in Blue Owl Capital in the fourth quarter worth about $235,000. GAMMA Investing LLC raised its position in Blue Owl Capital by 2,911.9% in the first quarter. GAMMA Investing LLC now owns 20,240 shares of the company’s stock worth $406,000 after purchasing an additional 19,568 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Blue Owl Capital in the first quarter worth about $3,901,000. Foster Victor Wealth Advisors LLC raised its position in Blue Owl Capital by 27.0% in the first quarter. Foster Victor Wealth Advisors LLC now owns 624,508 shares of the company’s stock worth $12,515,000 after purchasing an additional 132,586 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Blue Owl Capital by 4.5% in the first quarter. QRG Capital Management Inc. now owns 19,037 shares of the company’s stock worth $381,000 after purchasing an additional 812 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $15.45 on Friday. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company’s 50 day simple moving average is $18.25 and its 200-day simple moving average is $18.61. The stock has a market capitalization of $23.94 billion, a P/E ratio of 171.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The business had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

OWL has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a report on Monday, August 4th. The Goldman Sachs Group dropped their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Piper Sandler dropped their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a report on Thursday. Finally, BMO Capital Markets started coverage on shares of Blue Owl Capital in a report on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.85.

Blue Owl Capital 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.