Triasima Portfolio Management inc. Sells 3,045 Shares of Blue Owl Capital Inc. $OWL

Triasima Portfolio Management inc. decreased its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,948 shares of the company’s stock after selling 3,045 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Blue Owl Capital were worth $691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC boosted its position in shares of Blue Owl Capital by 22.8% during the second quarter. Kingswood Wealth Advisors LLC now owns 59,395 shares of the company’s stock worth $1,141,000 after acquiring an additional 11,012 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of Blue Owl Capital by 24.0% during the second quarter. Joel Isaacson & Co. LLC now owns 53,911 shares of the company’s stock worth $1,036,000 after acquiring an additional 10,434 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Blue Owl Capital by 10.5% during the second quarter. KLP Kapitalforvaltning AS now owns 122,400 shares of the company’s stock worth $2,351,000 after acquiring an additional 11,600 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of Blue Owl Capital by 32.7% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 235,173 shares of the company’s stock worth $4,518,000 after acquiring an additional 57,913 shares during the last quarter. Finally, 111 Capital bought a new position in shares of Blue Owl Capital during the second quarter worth $218,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Saturday, September 27th. Finally, Barclays increased their price objective on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $23.12.

Blue Owl Capital Trading Down 2.4%

Blue Owl Capital stock opened at $16.13 on Wednesday. The firm has a 50-day moving average price of $18.44 and a 200-day moving average price of $18.73. The firm has a market capitalization of $24.99 billion, a PE ratio of 179.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio (DPR) is 1,000.00%.

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.