SMH Capital Advisors Inc. Takes Position in Blue Owl Capital Inc. $OWL

SMH Capital Advisors Inc. bought a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, HoldingsChannel reports. The fund bought 34,746 shares of the company’s stock, valued at approximately $667,000. Blue Owl Capital comprises approximately 1.5% of SMH Capital Advisors Inc.’s holdings, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Blue Owl Capital by 13.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company’s stock valued at $230,000 after acquiring an additional 1,357 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Blue Owl Capital by 31.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,199 shares of the company’s stock worth $285,000 after purchasing an additional 3,407 shares during the period. Amalgamated Bank boosted its stake in Blue Owl Capital by 9.9% during the first quarter. Amalgamated Bank now owns 37,076 shares of the company’s stock valued at $743,000 after buying an additional 3,340 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $1,581,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Blue Owl Capital by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company’s stock valued at $53,223,000 after acquiring an additional 229,745 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, Evercore ISI reduced their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Trading Down 4.8%

Shares of OWL stock opened at $14.94 on Friday. The company has a market cap of $23.15 billion, a PE ratio of 249.04, a P/E/G ratio of 1.17 and a beta of 1.12. The company’s fifty day simple moving average is $17.17 and its 200-day simple moving average is $18.40. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $727.99 million for the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be given a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 6.0%. Blue Owl Capital’s payout ratio is presently 1,500.00%.

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.