Lyell Wealth Management LP Purchases 202,569 Shares of Blue Owl Capital Inc. $OWL

Lyell Wealth Management LP raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 41.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 689,455 shares of the company’s stock after buying an additional 202,569 shares during the period. Lyell Wealth Management LP’s holdings in Blue Owl Capital were worth $10,300,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Roxbury Financial LLC boosted its stake in Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $41,000. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the 2nd quarter valued at about $51,000. Finally, Western Pacific Wealth Management LP acquired a new position in Blue Owl Capital during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 2.6%

NYSE:OWL opened at $9.71 on Friday. The stock has a market capitalization of $15.10 billion, a PE ratio of 80.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. The firm’s 50 day moving average is $9.57 and its 200 day moving average is $11.91. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Research analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were issued a $0.23 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.5%. Blue Owl Capital’s payout ratio is presently 766.67%.

Analyst Ratings Changes

A number of research firms have issued reports on OWL. JPMorgan Chase & Co. cut their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. UBS Group reiterated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday. BMO Capital Markets cut their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. TD Cowen reiterated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research note on Monday, May 18th. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $14.04.

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.