Diversify Advisory Services LLC Takes Position in Blue Owl Capital Inc. $OWL

Diversify Advisory Services LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 126,678 shares of the company’s stock, valued at approximately $1,383,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arax Advisory Partners bought a new position in Blue Owl Capital in the 4th quarter valued at $25,000. Toronto Dominion Bank purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $26,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $28,000. Essential Partners LLC increased 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 period. Finally, CX Institutional raised its position 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 buying an additional 3,050 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OWL shares. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. BMO Capital Markets raised their price target on Blue Owl Capital from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. Capital One Financial set a $12.00 price objective on Blue Owl Capital in a report on Monday, August 3rd. Finally, Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research report on Thursday, July 2nd. One investment 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.44.

Blue Owl Capital Stock Up 1.7%

NYSE OWL opened at $11.78 on Thursday. The stock’s 50-day simple moving average is $9.99 and its two-hundred day simple moving average is $10.04. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $19.29. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 98.20, a PEG ratio of 1.29 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.8%. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

About Blue Owl Capital

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.