Toth Financial Advisory Corp Purchases 6,528 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Toth Financial Advisory Corp grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 12.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 59,028 shares of the company’s stock after acquiring an additional 6,528 shares during the period. Toth Financial Advisory Corp’s holdings in Blue Owl Capital were worth $1,113,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of OWL. Benjamin F. Edwards & Company Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $26,000. Salem Investment Counselors Inc. increased its position in shares of Blue Owl Capital by 58.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 3,159 shares of the company’s stock valued at $47,000 after purchasing an additional 1,159 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $89,000. Private Trust Co. NA increased its position in shares of Blue Owl Capital by 112.8% during the 4th quarter. Private Trust Co. NA now owns 6,570 shares of the company’s stock valued at $98,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Blue Owl Capital by 26.8% during the 4th quarter. Signaturefd LLC now owns 7,473 shares of the company’s stock valued at $111,000 after purchasing an additional 1,580 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.8 %

Shares of OWL stock opened at $17.75 on Friday. The stock has a fifty day moving average of $18.22 and a 200 day moving average of $17.29. Blue Owl Capital Inc. has a 52 week low of $10.64 and a 52 week high of $19.87. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 147.92, a PEG ratio of 1.09 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $486.55 million during the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.82 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 4.06%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a report on Monday, June 10th. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $22.00 in a report on Tuesday, April 2nd. Citigroup restated a “buy” rating and set a $21.00 target price on shares of Blue Owl Capital in a report on Tuesday, May 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 target price on shares of Blue Owl Capital in a report on Thursday, June 13th. Finally, Evercore ISI increased their target price on Blue Owl Capital from $18.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.27.

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.