Vise Technologies Inc. Acquires New Position in Blue Owl Capital Inc. $OWL

Vise Technologies Inc. purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to its most recent filing with the SEC. The fund purchased 14,386 shares of the company’s stock, valued at approximately $276,000.

Other large investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $31,000. SVB Wealth LLC bought a new position in shares of Blue Owl Capital during the first quarter valued at approximately $38,000. Cullen Frost Bankers Inc. raised its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock worth $42,000 after purchasing an additional 583 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth approximately $50,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Blue Owl Capital by 58.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock worth $50,000 after purchasing an additional 916 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 5.6%

NYSE:OWL opened at $13.80 on Tuesday. Blue Owl Capital Inc. has a 52-week low of $13.35 and a 52-week high of $26.73. The firm has a market cap of $21.53 billion, a P/E ratio of 230.11, a PEG ratio of 1.09 and a beta of 1.12. The business’s 50-day moving average price is $16.70 and its 200 day moving average price is $18.25.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The company had revenue of $687.00 million for the quarter, compared to analysts’ expectations of $685.95 million. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 6.5%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,500.00%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of recent research reports. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. Oppenheimer set a $25.00 price objective on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Piper Sandler reduced their price objective on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.