Tranquility Partners LLC Buys 1,595 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Tranquility Partners LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,136 shares of the company’s stock after purchasing an additional 1,595 shares during the period. Blue Owl Capital comprises about 1.8% of Tranquility Partners LLC’s holdings, making the stock its 11th largest holding. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in OWL. Transcendent Capital Group LLC acquired a new position in shares of Blue Owl Capital in the first quarter valued at approximately $26,000. ORG Partners LLC bought a new stake in shares of Blue Owl Capital in the second quarter worth $32,000. ORG Wealth Partners LLC acquired a new stake in Blue Owl Capital in the third quarter valued at $32,000. Family Firm Inc. bought a new position in Blue Owl Capital during the 2nd quarter worth $40,000. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth about $45,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 2.1 %

Blue Owl Capital stock opened at $23.08 on Tuesday. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 135.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14. Blue Owl Capital Inc. has a 1-year low of $13.01 and a 1-year high of $24.17. The firm’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $18.99.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The business had revenue of $600.88 million for the quarter, compared to analysts’ expectations of $565.93 million. During the same period last year, the business earned $0.16 EPS. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.78 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be given a dividend of $0.18 per share. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.12%. Blue Owl Capital’s dividend payout ratio is currently 423.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OWL shares. Piper Sandler raised their price objective on Blue Owl Capital from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer boosted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, JMP Securities increased their price target on Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $22.31.

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.