Elevation Point Wealth Partners LLC Increases Holdings in Blue Owl Capital Inc. $OWL

Elevation Point Wealth Partners LLC grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWLFree Report) by 5,256.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 374,236 shares of the company’s stock after acquiring an additional 367,250 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Blue Owl Capital were worth $6,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OWL. Parkside Financial Bank & Trust lifted its stake in shares of Blue Owl Capital by 117.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after purchasing an additional 867 shares during the period. Activest Wealth Management bought a new position in Blue Owl Capital in the third quarter worth $50,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital during the second quarter valued at $51,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Blue Owl Capital by 26.0% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,970 shares of the company’s stock valued at $84,000 after buying an additional 1,027 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Blue Owl Capital by 20.3% during the 3rd quarter. Bessemer Group Inc. now owns 4,967 shares of the company’s stock valued at $84,000 after buying an additional 838 shares in the last quarter. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $10.00 in a research report on Tuesday, February 24th. Piper Sandler decreased their target price on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. UBS Group lowered their target price on shares of Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a report on Friday, February 20th. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Check Out Our Latest Stock Analysis on Blue Owl Capital

Blue Owl Capital Stock Performance

Shares of NYSE:OWL opened at $8.76 on Friday. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 87.56, a price-to-earnings-growth ratio of 0.77 and a beta of 1.15. The business has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $15.10. Blue Owl Capital Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $21.88.

Blue Owl Capital (NYSE:OWLGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. The firm had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio is presently 900.00%.

Key Blue Owl Capital News

Here are the key news stories impacting Blue Owl Capital this week:

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.

Further Reading

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

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