Turtle Creek Wealth Advisors LLC Purchases 1,000 Shares of Blue Owl Capital Inc. (NYSE:OWL)

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

Several other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Portfolio Solutions Inc. purchased a new stake in Blue Owl Capital in the 1st quarter worth approximately $221,000. SG Americas Securities LLC grew its position in shares of Blue Owl Capital by 65.2% during the 1st quarter. SG Americas Securities LLC now owns 16,208 shares of the company’s stock valued at $306,000 after acquiring an additional 6,394 shares during the period. Russell Investments Group Ltd. raised its holdings in Blue Owl Capital by 6,783.8% in the 1st quarter. Russell Investments Group Ltd. now owns 25,470 shares of the company’s stock worth $480,000 after purchasing an additional 25,100 shares during the period. Orion Portfolio Solutions LLC purchased a new position in Blue Owl Capital during the first quarter worth approximately $901,000. Finally, M&G Plc acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $8,396,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Piper Sandler increased their target price on Blue Owl Capital from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. UBS Group raised their price target on shares of Blue Owl Capital from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Blue Owl Capital from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Blue Owl Capital from $18.50 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer lifted their target price on shares of Blue Owl Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $22.31.

Blue Owl Capital Price Performance

Shares of OWL stock traded down $0.12 during trading hours on Friday, hitting $22.59. The company had a trading volume of 3,715,051 shares, compared to its average volume of 5,412,084. The stock has a market capitalization of $33.06 billion, a PE ratio of 132.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company’s fifty day moving average is $20.88 and its 200 day moving average is $18.95. Blue Owl Capital Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $24.17.

Blue Owl Capital (NYSE:OWL) last announced its earnings results on Thursday, October 31st. The company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates of $0.20. The company had revenue of $600.88 million during the quarter, compared to analysts’ expectations of $565.93 million. Blue Owl Capital had a return on equity of 19.98% and a net margin of 4.95%. During the same period last year, the business posted $0.16 EPS. Equities analysts forecast that Blue Owl Capital Inc. will post 0.78 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, November 11th. This represents a $0.72 annualized dividend and a yield of 3.19%. Blue Owl Capital’s dividend payout ratio (DPR) is 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.