Thornburg Investment Management Inc. Sells 199,610 Shares of Blue Owl Capital Inc. (NYSE:OWL)

Thornburg Investment Management Inc. decreased its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 891,723 shares of the company’s stock after selling 199,610 shares during the period. Thornburg Investment Management Inc. owned about 0.06% of Blue Owl Capital worth $15,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wedbush Securities Inc. purchased a new position in shares of Blue Owl Capital in the second quarter worth $979,000. Oak Thistle LLC raised its position in Blue Owl Capital by 9.8% in the 2nd quarter. Oak Thistle LLC now owns 17,135 shares of the company’s stock worth $304,000 after purchasing an additional 1,535 shares during the period. Triasima Portfolio Management inc. bought a new position in Blue Owl Capital in the 2nd quarter worth about $541,000. Lake Street Advisors Group LLC bought a new position in Blue Owl Capital in the 2nd quarter worth about $584,000. Finally, Private Advisor Group LLC boosted its stake in shares of Blue Owl Capital by 15.3% during the second quarter. Private Advisor Group LLC now owns 38,101 shares of the company’s stock valued at $676,000 after purchasing an additional 5,042 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Oppenheimer upgraded shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research note on Friday, August 2nd. Piper Sandler decreased their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Blue Owl Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. TD Cowen reaffirmed a “hold” rating and issued a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $20.23.

Blue Owl Capital Price Performance

NYSE:OWL opened at $16.96 on Thursday. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 141.33, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. Blue Owl Capital Inc. has a 1-year low of $12.00 and a 1-year high of $20.13. The firm’s fifty day moving average price is $17.67 and its 200 day moving average price is $18.03.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $549.85 million during the quarter, compared to the consensus estimate of $507.22 million. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. During the same quarter in the previous year, the company posted $0.16 EPS. As a group, analysts expect that Blue Owl Capital Inc. will post 0.79 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Wednesday, August 21st. Blue Owl Capital’s payout ratio is 600.00%.

Blue Owl Capital Company 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.