Townsend Asset Management Corp NC ADV Acquires 55,905 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Townsend Asset Management Corp NC ADV boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 32.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 227,508 shares of the company's stock after purchasing an additional 55,905 shares during the period. Blue Owl Capital makes up approximately 1.6% of Townsend Asset Management Corp NC ADV's holdings, making the stock its 15th biggest position. Townsend Asset Management Corp NC ADV's holdings in Blue Owl Capital were worth $4,405,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stone Point Capital LLC acquired a new position in Blue Owl Capital in the 2nd quarter worth approximately $112,749,000. Goldman Sachs Group Inc. raised its position in Blue Owl Capital by 22.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,819,431 shares of the company's stock valued at $27,110,000 after buying an additional 328,719 shares during the period. Foster Victor Wealth Advisors LLC lifted its stake in Blue Owl Capital by 12.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 705,176 shares of the company's stock worth $12,954,000 after acquiring an additional 77,253 shares in the last quarter. Janus Henderson Group PLC boosted its position in Blue Owl Capital by 32.6% during the 1st quarter. Janus Henderson Group PLC now owns 330,095 shares of the company's stock worth $6,224,000 after acquiring an additional 81,222 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Blue Owl Capital during the 1st quarter valued at about $624,000. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded down $0.60 during trading hours on Tuesday, hitting $23.16. 6,685,209 shares of the stock were exchanged, compared to its average volume of 5,264,020. The firm has a market capitalization of $33.09 billion, a P/E ratio of 193.25, a P/E/G ratio of 1.29 and a beta of 1.18. Blue Owl Capital Inc. has a one year low of $12.11 and a one year high of $24.17. The company's 50 day moving average is $18.86 and its 200 day moving average is $18.43.

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

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.11%. Blue Owl Capital's dividend payout ratio (DPR) is presently 600.00%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OWL. JMP Securities lifted their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 9th. Oppenheimer boosted their target price on Blue Owl Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. TD Cowen reaffirmed a "hold" rating and set a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research note on Monday, July 8th. UBS Group boosted their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Piper Sandler raised their price objective on shares of Blue Owl Capital from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $21.65.

Blue Owl Capital Company Profile

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.