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

Townsend Asset Management Corp NC ADV raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,508 shares of the company’s stock after acquiring an additional 55,905 shares during the period. Blue Owl Capital comprises approximately 1.6% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 15th largest holding. Townsend Asset Management Corp NC ADV’s holdings in Blue Owl Capital were worth $4,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of OWL. Affinity Wealth Management LLC raised its stake in shares of Blue Owl Capital by 5.3% during the 3rd quarter. Affinity Wealth Management LLC now owns 13,347 shares of the company’s stock worth $258,000 after purchasing an additional 675 shares during the period. Raymond James Trust N.A. raised its stake in shares of Blue Owl Capital by 6.7% during the 2nd quarter. Raymond James Trust N.A. now owns 11,217 shares of the company’s stock worth $199,000 after purchasing an additional 708 shares during the period. Capital Insight Partners LLC raised its stake in shares of Blue Owl Capital by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 32,637 shares of the company’s stock worth $579,000 after purchasing an additional 815 shares during the period. Great Diamond Partners LLC raised its stake in Blue Owl Capital by 2.5% in the 2nd quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock valued at $757,000 after acquiring an additional 1,030 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in Blue Owl Capital by 4.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock valued at $479,000 after acquiring an additional 1,103 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OWL has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Evercore ISI boosted their price objective on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Piper Sandler boosted their price objective on Blue Owl Capital from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JMP Securities boosted their price objective on 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. Finally, UBS Group lowered their price objective on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.15.

Blue Owl Capital Trading Down 0.4 %

Shares of NYSE OWL opened at $23.76 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $12.11 and a 12 month high of $24.17. The firm has a market capitalization of $33.95 billion, a price-to-earnings ratio of 198.00, a PEG ratio of 1.29 and a beta of 1.18. The business has a 50-day moving average of $18.86 and a 200-day moving average of $18.43.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting 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 during the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed 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. This represents a $0.72 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 600.00%.

Blue Owl Capital 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.