Lake Street Advisors Group LLC Increases Stake in Blue Owl Capital Inc. (NYSE:OWL)

Lake Street Advisors Group LLC lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,626 shares of the company’s stock after purchasing an additional 6,743 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Blue Owl Capital were worth $767,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of OWL. Freedom Day Solutions LLC purchased a new position in Blue Owl Capital during the 3rd quarter worth approximately $1,675,000. Mount Yale Investment Advisors LLC raised its position in Blue Owl Capital by 88.3% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 24,461 shares of the company’s stock worth $474,000 after buying an additional 11,469 shares during the last quarter. Private Advisor Group LLC raised its position in Blue Owl Capital by 2.3% during the 3rd quarter. Private Advisor Group LLC now owns 38,986 shares of the company’s stock worth $755,000 after buying an additional 885 shares during the last quarter. Stanley Laman Group Ltd. raised its position in Blue Owl Capital by 3.0% during the 3rd quarter. Stanley Laman Group Ltd. now owns 265,944 shares of the company’s stock worth $5,149,000 after buying an additional 7,634 shares during the last quarter. Finally, Signaturefd LLC raised its position in Blue Owl Capital by 19.3% during the 3rd quarter. Signaturefd LLC now owns 9,137 shares of the company’s stock worth $177,000 after buying an additional 1,476 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $22.97 on Friday. The company’s fifty day moving average price is $19.29 and its 200 day moving average price is $18.54. Blue Owl Capital Inc. has a 1 year low of $12.15 and a 1 year high of $24.17. The stock has a market capitalization of $32.82 billion, a P/E ratio of 191.42, a P/E/G ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 4.64% and a return on equity of 19.15%. The firm had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter last year, the company earned $0.16 EPS. Sell-side analysts predict that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.13%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday. JMP Securities lifted their target price on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI lifted their target price on shares of Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. TD Cowen reaffirmed a “hold” rating and set a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $18.50 to $21.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.65.

About Blue Owl Capital

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.