Blue Owl Capital Inc. $OWL Stake Lowered by Elevation Point Wealth Partners LLC

by · The Cerbat Gem

Elevation Point Wealth Partners LLC trimmed its position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 62.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,986 shares of the company’s stock after selling 11,774 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Blue Owl Capital were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OWL. Chicago Partners Investment Group LLC grew its position in Blue Owl Capital by 8.1% in the second quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after acquiring an additional 45,261 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Blue Owl Capital by 17.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock valued at $3,638,000 after purchasing an additional 27,995 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Blue Owl Capital in the first quarter worth $2,457,000. Envestnet Asset Management Inc. increased its position in Blue Owl Capital by 4.0% during the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after buying an additional 36,784 shares during the last quarter. Finally, Advent International L.P. raised its holdings in Blue Owl Capital by 14.2% during the first quarter. Advent International L.P. now owns 4,600,905 shares of the company’s stock valued at $92,202,000 after buying an additional 570,905 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Oppenheimer set a $25.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Friday, October 31st. Evercore ISI decreased their target price on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. BMO Capital Markets began coverage on shares of Blue Owl Capital in a research report on Friday, October 3rd. They issued an “outperform” rating and a $18.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.00.

Get Our Latest Analysis on OWL

Blue Owl Capital Stock Up 1.9%

Shares of OWL stock opened at $15.04 on Monday. The stock has a 50 day moving average of $15.92 and a 200-day moving average of $17.96. The firm has a market cap of $23.45 billion, a PE ratio of 250.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12. Blue Owl Capital Inc. has a 12 month low of $13.25 and a 12 month high of $26.73.

Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $687.00 million for the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

About Blue Owl Capital

(Free Report)

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.

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