Verdence Capital Advisors LLC Acquires 2,788 Shares of Blue Owl Capital Inc. $OWL

Verdence Capital Advisors LLC increased its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 118,209 shares of the company’s stock after purchasing an additional 2,788 shares during the period. Verdence Capital Advisors LLC’s holdings in Blue Owl Capital were worth $2,271,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Banque Transatlantique SA bought a new stake in Blue Owl Capital in the first quarter worth $31,000. SVB Wealth LLC bought a new stake in Blue Owl Capital in the first quarter worth $38,000. Cullen Frost Bankers Inc. increased its position in Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares during the last quarter. Allworth Financial LP increased its position in Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company’s stock worth $45,000 after purchasing an additional 998 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Blue Owl Capital by 58.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after purchasing an additional 916 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 4.2%

NYSE OWL opened at $16.10 on Tuesday. The company’s 50-day moving average price is $18.18 and its 200-day moving average price is $18.57. The stock has a market cap of $24.94 billion, a PE ratio of 178.85, a PEG ratio of 1.07 and a beta of 1.13. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share 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 issued a $0.225 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

OWL has been the topic of several research reports. Raymond James Financial began coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They issued a “market perform” rating on the stock. The Goldman Sachs Group cut their price objective on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Piper Sandler cut their price objective on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Finally, Barclays cut their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.54.

About Blue Owl Capital

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.