62,222 Blue Owl Capital Inc. $OWL Shares Sold by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC decreased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 48.3% in the third quarter, HoldingsChannel reports. The firm owned 66,591 shares of the company’s stock after selling 62,222 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $605,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. RDST Capital LLC lifted its position in shares of Blue Owl Capital by 22.1% in the first quarter. RDST Capital LLC now owns 7,648,935 shares of the company’s stock worth $69,835,000 after buying an additional 1,383,450 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Blue Owl Capital during the 2nd quarter valued at approximately $54,883,000. Renaissance Technologies LLC grew its holdings in Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock valued at $55,375,000 after buying an additional 5,790,400 shares in the last quarter. Estuary Capital Management LP grew its holdings in Blue Owl Capital by 338.9% during the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company’s stock valued at $38,321,000 after buying an additional 3,241,040 shares in the last quarter. Finally, Lalia Capital LLC bought a new stake in Blue Owl Capital in the 2nd quarter worth approximately $34,952,000. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on OWL shares. Oppenheimer upped their price objective on Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Wells Fargo & Company initiated coverage on shares of Blue Owl Capital in a report on Friday, October 2nd. They issued an “equal weight” rating and a $10.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, September 24th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. Finally, Citizens Jmp decreased their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.36.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $8.96 on Friday. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $17.30. The firm has a market capitalization of $13.98 billion, a P/E ratio of 74.71, a P/E/G ratio of 1.03 and a beta of 1.35. The stock has a 50 day moving average price of $10.62 and a 200 day moving average price of $9.93.

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

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 10.3%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Blue Owl Capital Profile

Blue Owl Capital Inc (NYSE: OWL) is a global alternative asset manager that provides private-market investment solutions to institutional investors, financial professionals and private wealth clients. The company manages capital across credit, real assets and other alternative investment strategies.

Its credit business focuses on areas such as direct lending, technology lending and opportunistic credit, providing financing to middle-market companies and other borrowers. Blue Owl’s GP Strategic Capital business supplies long-term capital solutions to private-market investment managers, while its real estate platform invests in strategies including net lease and real estate credit.

Blue Owl was formed in 2020 through the combination of Owl Rock Capital Partners and Dyal Capital Partners and became a publicly traded company in 2021.