Sanctuary Advisors LLC Buys New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Sanctuary Advisors LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 55,095 shares of the company’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Trust N.A. grew 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 valued at $199,000 after acquiring an additional 708 shares during the period. Capital Insight Partners LLC boosted its position in shares of Blue Owl Capital by 2.6% in the second 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 increased its stake in shares of Blue Owl Capital by 2.5% in the second quarter. Great Diamond Partners LLC now owns 42,626 shares of the company’s stock worth $757,000 after purchasing an additional 1,030 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Blue Owl Capital by 4.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,998 shares of the company’s stock valued at $479,000 after purchasing an additional 1,103 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Blue Owl Capital by 11.6% during the 2nd quarter. CIBC Asset Management Inc now owns 13,271 shares of the company’s stock valued at $236,000 after buying an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Friday, August 2nd. JMP Securities lifted their price objective on shares of Blue Owl Capital from $24.00 to $25.00 and gave the company a “market outperform” rating in a research report on Wednesday. Piper Sandler upped their target price on shares of Blue Owl Capital from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $20.90.

Blue Owl Capital Trading Up 2.1 %

Shares of NYSE:OWL opened at $21.40 on Friday. The company has a 50-day moving average price of $18.11 and a 200 day moving average price of $18.27. Blue Owl Capital Inc. has a 12 month low of $12.11 and a 12 month high of $21.56. The company has a market cap of $31.31 billion, a price-to-earnings ratio of 133.73, a PEG ratio of 1.29 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The firm had revenue of $549.85 million during the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter in the previous year, the business earned $0.16 EPS. As a group, equities analysts forecast that Blue Owl Capital Inc. will post 0.79 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is currently 450.03%.

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.