Turtle Creek Wealth Advisors LLC Boosts Holdings in Blue Owl Capital Inc. (NYSE:OWL)

Turtle Creek Wealth Advisors LLC grew its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 667,371 shares of the company’s stock after buying an additional 1,000 shares during the quarter. Blue Owl Capital accounts for approximately 2.6% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 7th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $12,920,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OWL. Transcendent Capital Group LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $26,000. ORG Partners LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $32,000. ORG Wealth Partners LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $32,000. Family Firm Inc. purchased a new position in shares of Blue Owl Capital in the second quarter worth $40,000. Finally, Rothschild Investment LLC purchased a new position in Blue Owl Capital during the second quarter valued at $45,000. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on OWL shares. Evercore ISI increased their price target on Blue Owl Capital from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. JMP Securities lifted their price objective on shares of Blue Owl Capital from $25.00 to $27.00 and gave the stock a “market outperform” rating in a research note on Friday. Oppenheimer increased their price target on shares of Blue Owl Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft raised their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group increased their price target on Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.31.

Blue Owl Capital Stock Down 0.5 %

OWL stock traded down $0.12 during trading on Friday, hitting $22.59. 3,715,051 shares of the company’s stock traded hands, compared to its average volume of 5,412,084. The firm has a market capitalization of $33.06 billion, a P/E ratio of 132.88, a PEG ratio of 1.50 and a beta of 1.14. The business has a fifty day simple moving average of $20.88 and a two-hundred day simple moving average of $18.95. Blue Owl Capital Inc. has a 1 year low of $13.01 and a 1 year high of $24.17.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 31st. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. The company had revenue of $600.88 million for the quarter, compared to analyst estimates of $565.93 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts predict that Blue Owl Capital Inc. will post 0.78 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, November 11th. This represents a $0.72 annualized dividend and a dividend yield of 3.19%. Blue Owl Capital’s dividend payout ratio is presently 423.53%.

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.