Tranquility Partners LLC Acquires 60,266 Shares of Blue Owl Capital Inc. $OWL

Tranquility Partners LLC boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 22.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 327,098 shares of the company’s stock after acquiring an additional 60,266 shares during the quarter. Blue Owl Capital makes up approximately 1.1% of Tranquility Partners LLC’s holdings, making the stock its 19th biggest holding. Tranquility Partners LLC’s holdings in Blue Owl Capital were worth $2,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arax Advisory Partners bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $25,000. Toronto Dominion Bank bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $26,000. Roxbury Financial LLC increased its position in Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares in the last quarter. Lavaca Capital LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC lifted its stake in Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE OWL opened at $8.93 on Wednesday. The firm has a 50 day moving average price of $9.74 and a two-hundred day moving average price of $11.61. The stock has a market cap of $13.88 billion, a P/E ratio of 74.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The company had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analysts Set New Price Targets

OWL has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Barclays increased their price target on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Piper Sandler cut their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Citizens Jmp reduced their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets lowered their target price on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.04.

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.