Merrion Investment Management Co LLC Takes Position in Blue Owl Capital Inc. $OWL

Merrion Investment Management Co LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds have also bought and sold shares of OWL. Campbell & CO Investment Adviser LLC acquired a new stake in Blue Owl Capital during the second quarter valued at approximately $963,000. Wedbush Securities Inc. increased its holdings in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Wedbush Securities Inc. now owns 69,573 shares of the company’s stock valued at $1,336,000 after acquiring an additional 4,361 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $1,235,000. SMH Capital Advisors Inc. acquired a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $667,000. Finally, First Horizon Advisors Inc. boosted its holdings in Blue Owl Capital by 528.7% in the second quarter. First Horizon Advisors Inc. now owns 7,218 shares of the company’s stock worth $139,000 after purchasing an additional 6,070 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Oppenheimer set a $25.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. The Goldman Sachs Group cut 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 report on Monday, October 6th. JPMorgan Chase & Co. upped their target price on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Raymond James Financial assumed coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $22.00.

Blue Owl Capital Trading Up 3.2%

Shares of NYSE:OWL opened at $15.42 on Friday. The firm’s 50 day moving average is $17.10 and its two-hundred day moving average is $18.40. Blue Owl Capital Inc. has a 52 week low of $14.52 and a 52 week high of $26.73. The firm has a market capitalization of $23.89 billion, a P/E ratio of 257.06, a PEG ratio of 1.15 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The business had revenue of $727.99 million during the quarter, compared to the consensus estimate of $685.95 million. Analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Monday, November 10th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. Blue Owl Capital’s dividend payout ratio is presently 1,500.00%.

Blue Owl Capital 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.