Turtle Creek Wealth Advisors LLC Sells 678,455 Shares of Blue Owl Capital Inc. $OWL

Turtle Creek Wealth Advisors LLC reduced its stake in Blue Owl Capital Inc. (NYSE:OWLFree Report) by 84.0% in the 1st quarter, Holdings Channel reports. The firm owned 128,813 shares of the company’s stock after selling 678,455 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $1,176,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Leonteq Securities AG raised its position in shares of Blue Owl Capital by 842.3% in the first quarter. Leonteq Securities AG now owns 375,708 shares of the company’s stock valued at $3,430,000 after purchasing an additional 335,838 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 8.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 487,953 shares of the company’s stock worth $4,455,000 after buying an additional 36,303 shares during the last quarter. Canton Hathaway LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth $348,000. Drucker Wealth 3.0 LLC boosted its holdings in shares of Blue Owl Capital by 16.6% during the 1st quarter. Drucker Wealth 3.0 LLC now owns 41,581 shares of the company’s stock worth $380,000 after buying an additional 5,921 shares during the period. Finally, waypoint wealth counsel bought a new stake in shares of Blue Owl Capital during the 1st quarter worth $169,000. Institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

OWL has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a research report on Thursday. The Goldman Sachs Group reduced their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Finally, TD Cowen reissued a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $13.71.

Get Our Latest Analysis on OWL

More Blue Owl Capital News

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Blue Owl Capital Trading Up 4.4%

Shares of NYSE OWL opened at $9.02 on Friday. The business has a fifty day simple moving average of $9.61 and a 200 day simple moving average of $11.24. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 75.19, a PEG ratio of 0.91 and a beta of 1.22. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $21.08.

Blue Owl Capital (NYSE:OWLGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is 766.67%.

About Blue Owl Capital

(Free Report)

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

See Also

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OWL)

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