Texas Capital Bank Wealth Management Services Inc Invests $4.06 Million in Blue Owl Capital Inc. $OWL

Texas Capital Bank Wealth Management Services Inc bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 373,316 shares of the company’s stock, valued at approximately $4,058,000.

Other institutional investors also recently bought and sold shares of the company. Arax Advisory Partners purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $28,000. Essential Partners LLC grew its holdings in shares of Blue Owl Capital by 739.7% in the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Blue Owl Capital by 881.5% in the second quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after purchasing an additional 3,050 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $11.67 on Tuesday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.35. The firm has a market cap of $18.19 billion, a P/E ratio of 97.26, a P/E/G ratio of 1.36 and a beta of 1.19. The business’s 50 day moving average price is $9.91 and its 200-day moving average price is $10.07.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The company had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s payout ratio is presently 766.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OWL. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. UBS Group reissued a “neutral” rating and issued a $9.50 price target on shares of Blue Owl Capital in a report on Thursday, June 11th. Oppenheimer decreased their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.44.

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.