Lyell Wealth Management LP Buys 202,569 Shares of Blue Owl Capital Inc. $OWL

Lyell Wealth Management LP lifted its stake in Blue Owl Capital Inc. (NYSE:OWL) by 41.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 689,455 shares of the company’s stock after buying an additional 202,569 shares during the period. Lyell Wealth Management LP’s holdings in Blue Owl Capital were worth $10,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Roxbury Financial LLC raised its position in Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its position in Blue Owl Capital by 83.5% during the fourth 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 in the last quarter. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the second quarter valued at approximately $51,000. Finally, Western Pacific Wealth Management LP acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $58,000. 35.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. BMO Capital Markets lowered their price objective on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, TD Cowen restated a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Stock Up 2.6%

Shares of NYSE:OWL opened at $9.71 on Friday. The firm has a market cap of $15.10 billion, a P/E ratio of 80.94, a P/E/G ratio of 1.00 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $21.08. The business has a fifty day simple moving average of $9.57 and a 200 day simple moving average of $11.91.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. As a group, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

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.