Townsend Asset Management Corp NC ADV Has $3.58 Million Holdings in Blue Owl Capital Inc. $OWL

Townsend Asset Management Corp NC ADV lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 20.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 391,734 shares of the company’s stock after acquiring an additional 65,387 shares during the period. Blue Owl Capital accounts for about 1.3% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 24th largest position. Townsend Asset Management Corp NC ADV’s holdings in Blue Owl Capital were worth $3,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Arax Advisory Partners bought a new position in shares of Blue Owl Capital during the 4th quarter worth about $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital in the 4th quarter valued at about $26,000. Roxbury Financial LLC raised its stake in Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after buying an additional 1,400 shares during the period. Lavaca Capital LLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in Blue Owl Capital by 83.5% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after acquiring an additional 910 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 1.0%

NYSE OWL opened at $9.52 on Friday. The firm has a market capitalization of $14.80 billion, a P/E ratio of 79.33, a PEG ratio of 1.04 and a beta of 1.22. The business has a fifty day simple moving average of $9.54 and a 200 day simple moving average of $10.79. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $20.99.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.87 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.7%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OWL. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. TD Cowen reiterated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Barclays reduced their price target on shares of Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, July 9th. The Goldman Sachs Group decreased their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.16.

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.