Sanctuary Advisors LLC Invests $3.02 Million in Blue Owl Capital Inc. $OWL

Sanctuary Advisors LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 277,664 shares of the company’s stock, valued at approximately $3,018,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank purchased a new position in Blue Owl Capital in the fourth quarter worth $26,000. Lavaca Capital LLC purchased a new position in Blue Owl Capital in the fourth quarter worth $28,000. Burk Holdings LLC bought a new position in Blue Owl Capital in the 2nd quarter valued at $27,000. Finally, Los Angeles Capital Management LLC bought a new position in Blue Owl Capital in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on OWL shares. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Citizens Jmp reduced their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Oppenheimer decreased their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. Finally, Barclays lifted their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.44.

Blue Owl Capital Trading Up 1.1%

Shares of Blue Owl Capital stock opened at $11.80 on Wednesday. The company’s 50-day moving average price is $10.15 and its 200-day moving average price is $10.01. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 98.37, a PEG ratio of 1.29 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, sell-side analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Blue Owl Capital Company 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.