Insigneo Advisory Services LLC Buys Shares of 12,373 Blue Owl Capital Inc. (NYSE:OWL)

Insigneo Advisory Services LLC bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, Holdings Channel.com reports. The fund bought 12,373 shares of the company’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OWL. Marshall Wace LLP grew its position in shares of Blue Owl Capital by 4,901.7% during the 2nd quarter. Marshall Wace LLP now owns 730,248 shares of the company’s stock worth $12,962,000 after buying an additional 715,648 shares during the period. RDST Capital LLC grew its position in shares of Blue Owl Capital by 1.2% during the 2nd quarter. RDST Capital LLC now owns 1,730,320 shares of the company’s stock worth $30,713,000 after buying an additional 21,325 shares during the period. Morse Asset Management Inc grew its position in shares of Blue Owl Capital by 54.9% during the 2nd quarter. Morse Asset Management Inc now owns 18,900 shares of the company’s stock worth $335,000 after buying an additional 6,700 shares during the period. Xponance Inc. grew its position in shares of Blue Owl Capital by 180.7% during the 2nd quarter. Xponance Inc. now owns 64,957 shares of the company’s stock worth $1,153,000 after buying an additional 41,816 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $1,558,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on OWL shares. TD Cowen reaffirmed a “hold” rating and set a $19.00 price objective (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Oppenheimer raised shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Friday, August 2nd. Wells Fargo & Company started coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 price objective for the company. Piper Sandler cut their target price on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.10.

Blue Owl Capital Trading Up 1.5 %

Shares of NYSE:OWL opened at $19.24 on Friday. The stock’s fifty day simple moving average is $17.82 and its two-hundred day simple moving average is $18.09. Blue Owl Capital Inc. has a 1-year low of $12.11 and a 1-year high of $20.13. The stock has a market cap of $28.16 billion, a PE ratio of 160.33, a price-to-earnings-growth ratio of 1.19 and a beta of 1.17.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same period last year, the business earned $0.16 EPS. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 600.00%.

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.