153,089 Blue Owl Capital Inc. $OWL Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Blue Owl Capital stake by 47.9% in the second quarter, acquiring 153,089 shares and bringing its total holdings to 472,852 shares valued at approximately $4.14 million.
• Several other institutional investors also expanded their positions, and hedge funds and institutions now own 35.85% of Blue Owl Capital.
• Blue Owl reported quarterly EPS of $0.22, in line with estimates, and maintains a $0.23 quarterly dividend, equivalent to a 9.9% yield. Analysts have a “Moderate Buy” consensus rating with an average price target of $13.77.

QRG Capital Management Inc. grew its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 47.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 472,852 shares of the company's stock after buying an additional 153,089 shares during the period. QRG Capital Management Inc.'s holdings in Blue Owl Capital were worth $4,137,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in OWL. Norges Bank bought a new position in shares of Blue Owl Capital during the fourth quarter worth $140,643,000. Bank of New York Mellon Corp acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $54,883,000. Renaissance Technologies LLC increased its stake in Blue Owl Capital by 2,107.1% during the 1st quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company's stock worth $55,375,000 after purchasing an additional 5,790,400 shares in the last quarter. Capital World Investors increased its stake in Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company's stock worth $1,348,272,000 after purchasing an additional 5,029,134 shares in the last quarter. Finally, Estuary Capital Management LP increased its stake in Blue Owl Capital by 338.9% during the 1st quarter. Estuary Capital Management LP now owns 4,197,297 shares of the company's stock worth $38,321,000 after purchasing an additional 3,241,040 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.7%

OWL stock opened at $9.31 on Friday. The stock has a market capitalization of $14.52 billion, a P/E ratio of 77.63, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $18.00. The firm has a 50-day moving average price of $10.90 and a 200-day moving average price of $9.91.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.9%. Blue Owl Capital's dividend payout ratio (DPR) is 766.67%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OWL. UBS Group reaffirmed a "neutral" rating and issued a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday, June 11th. Capital One Financial set a $12.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 3rd. Barclays raised their price objective 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. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. Finally, HSBC set a $17.00 target price on shares of Blue Owl Capital in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.77.

About Blue Owl Capital

Blue Owl Capital Inc NYSE: OWL is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl's platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.

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