Hudson Valley Investment Advisors Inc. ADV Has $4.52 Million Stock Position in Blue Owl Capital Inc. $OWL

Hudson Valley Investment Advisors Inc. ADV grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 32.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 235,173 shares of the company’s stock after acquiring an additional 57,913 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Blue Owl Capital were worth $4,518,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OWL. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $235,000. GAMMA Investing LLC boosted its stake in Blue Owl Capital by 2,911.9% in the 1st quarter. GAMMA Investing LLC now owns 20,240 shares of the company’s stock worth $406,000 after purchasing an additional 19,568 shares during the period. Parallel Advisors LLC boosted its stake in Blue Owl Capital by 21.9% in the 1st quarter. Parallel Advisors LLC now owns 6,468 shares of the company’s stock worth $130,000 after purchasing an additional 1,161 shares during the period. Rhumbline Advisers boosted its stake in Blue Owl Capital by 0.9% in the 1st quarter. Rhumbline Advisers now owns 604,635 shares of the company’s stock worth $12,117,000 after purchasing an additional 5,298 shares during the period. Finally, Barton Investment Management boosted its stake in Blue Owl Capital by 4.2% in the 1st quarter. Barton Investment Management now owns 1,906,794 shares of the company’s stock worth $38,212,000 after purchasing an additional 76,575 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $16.25 on Friday. The company’s 50-day moving average price is $18.58 and its two-hundred day moving average price is $18.80. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market capitalization of $25.17 billion, a PE ratio of 180.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analysts’ expectations of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio is presently 1,000.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OWL shares. Evercore ISI upped their target price on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Cowen reaffirmed a “buy” rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Oppenheimer upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Piper Sandler upped their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 2nd. Finally, Raymond James Financial started coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.56.

About Blue Owl Capital

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.