Astra Wealth Partners LLC Invests $1 Million in Blue Owl Capital Inc. $OWL

Astra Wealth Partners LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, HoldingsChannel reports. The firm acquired 67,000 shares of the company’s stock, valued at approximately $1,001,000.

A number of other institutional investors and hedge funds have also modified their holdings of OWL. Nisa Investment Advisors LLC grew its holdings in shares of Blue Owl Capital by 7.3% during the third quarter. Nisa Investment Advisors LLC now owns 10,011 shares of the company’s stock worth $169,000 after purchasing an additional 685 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Blue Owl Capital by 5.6% in the third quarter. Park Avenue Securities LLC now owns 13,149 shares of the company’s stock valued at $223,000 after buying an additional 699 shares during the period. Bessemer Group Inc. lifted its stake in Blue Owl Capital by 20.3% in the third quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares during the period. Parkside Financial Bank & Trust lifted its stake in Blue Owl Capital by 117.0% in the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in Blue Owl Capital by 3.6% in the third quarter. Stonegate Investment Group LLC now owns 25,465 shares of the company’s stock valued at $431,000 after buying an additional 884 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL opened at $10.11 on Tuesday. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 84.24, a PEG ratio of 1.10 and a beta of 1.19. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The business’s fifty day moving average is $9.40 and its 200-day moving average is $13.02.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.61% and a net margin of 2.96%.The business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. As a group, research analysts forecast that Blue Owl Capital Inc. will post 0.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.1%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is presently 750.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OWL. UBS Group raised their price target on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Piper Sandler decreased their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. TD Cowen cut their price objective on Blue Owl Capital from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, The Goldman Sachs Group cut their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.03.

Blue Owl Capital 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.