63,295 Shares in Blue Owl Capital Inc. $OWL Purchased by Compass Financial Management LLC

Compass Financial Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, Holdings Channel reports. The fund bought 63,295 shares of the company’s stock, valued at approximately $688,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after buying an additional 132,637 shares during the period. Russell Investments Group Ltd. raised its position in shares of Blue Owl Capital by 4.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after buying an additional 1,703 shares during the period. Jump Financial LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $238,000. California Public Employees Retirement System raised its position in shares of Blue Owl Capital by 28.2% during the 2nd quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock valued at $15,123,000 after buying an additional 172,982 shares during the period. Finally, State Street Corp lifted its holdings in Blue Owl Capital by 10.6% in the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock valued at $189,806,000 after acquiring an additional 950,700 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on OWL shares. TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research report on Thursday, August 6th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a research report on Monday, August 3rd. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. BMO Capital Markets increased their price target on Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.44.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $11.66 on Monday. The firm has a market cap of $18.18 billion, a P/E ratio of 97.17, a P/E/G ratio of 1.28 and a beta of 1.19. The firm’s 50 day moving average price is $10.07 and its 200-day moving average price is $10.01. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $19.29.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $693.56 million during the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. Blue Owl Capital’s payout ratio is presently 766.67%.

Blue Owl Capital Profile

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.