Perfromance Wealth Partners LLC Trims Position in Blue Owl Capital Inc. $OWL

Perfromance Wealth Partners LLC trimmed its stake in Blue Owl Capital Inc. (NYSE:OWL) by 81.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,225 shares of the company’s stock after selling 117,981 shares during the period. Perfromance Wealth Partners LLC’s holdings in Blue Owl Capital were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in OWL. Cullen Frost Bankers Inc. raised its stake in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company’s stock valued at $42,000 after acquiring an additional 583 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Blue Owl Capital by 6.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,195 shares of the company’s stock valued at $239,000 after purchasing an additional 724 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Blue Owl Capital by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 20,469 shares of the company’s stock worth $410,000 after buying an additional 784 shares during the period. QRG Capital Management Inc. grew its position in shares of Blue Owl Capital by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 19,037 shares of the company’s stock worth $381,000 after buying an additional 812 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 4.2%

OWL stock opened at $16.10 on Tuesday. The stock has a market capitalization of $24.94 billion, a PE ratio of 178.85, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73. The firm has a 50 day moving average of $18.18 and a 200 day moving average of $18.57.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.6%. Blue Owl Capital’s payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OWL shares. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Oppenheimer increased their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Barclays reduced their price objective on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Citigroup dropped their target price on Blue Owl Capital from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Raymond James Financial began coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.54.

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.