Hohimer Wealth Management LLC Purchases New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Hohimer Wealth Management LLC acquired a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, HoldingsChannel.com reports. The fund acquired 38,410 shares of the company’s stock, valued at approximately $682,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $1,690,000. Amalgamated Bank raised its position in shares of Blue Owl Capital by 34.0% during the 4th quarter. Amalgamated Bank now owns 72,225 shares of the company’s stock worth $1,076,000 after purchasing an additional 18,315 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth $26,000. M&T Bank Corp grew its holdings in shares of Blue Owl Capital by 7.0% during the fourth quarter. M&T Bank Corp now owns 11,512 shares of the company’s stock worth $172,000 after buying an additional 753 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $6,084,000. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen restated a “hold” rating and issued a $19.00 price target (down from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft cut their price target on Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Oppenheimer upgraded Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Friday, August 2nd. Finally, Citigroup reaffirmed a “buy” rating and issued a $21.00 target price on shares of Blue Owl Capital in a research note on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.23.

Blue Owl Capital Stock Performance

Shares of OWL opened at $16.50 on Friday. Blue Owl Capital Inc. has a 1 year low of $11.54 and a 1 year high of $20.13. The company’s 50-day simple moving average is $17.76 and its 200-day simple moving average is $18.07. The stock has a market capitalization of $23.58 billion, a PE ratio of 137.50, a P/E/G ratio of 1.11 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The business had revenue of $549.85 million for the quarter, compared to analyst estimates of $507.22 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.79 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.