Select Equity Group L.P. Invests $38.81 Million in Blue Owl Capital Inc. $OWL

Key Points

• Select Equity Group L.P. acquired 1,936,610 shares of Blue Owl Capital Inc. (NYSE: OWL) for approximately $38.81 million, now owning 0.13% of the company.
• Blue Owl Capital reported a net revenue of $703.11 million for the latest quarter, exceeding consensus estimates, and maintained an earnings per share of $0.21.
• The company recently announced a quarterly dividend of $0.225 per share, translating to an annual yield of 5.1% amidst a high dividend payout ratio of 1,000.00%.

Select Equity Group L.P. purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,936,610 shares of the company's stock, valued at approximately $38,810,000. Select Equity Group L.P. owned 0.13% of Blue Owl Capital at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vise Technologies Inc. increased its holdings in shares of Blue Owl Capital by 4.6% in the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock valued at $255,000 after acquiring an additional 478 shares during the last quarter. Teza Capital Management LLC raised its holdings in Blue Owl Capital by 1.7% during the fourth quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after purchasing an additional 485 shares in the last quarter. State of Wyoming raised its holdings in Blue Owl Capital by 27.1% during the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in Blue Owl Capital by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after purchasing an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a report on Monday, July 28th. They set a "market perform" rating for the company. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $20.00 to $23.00 in a report on Tuesday, May 20th. Finally, Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE OWL traded up $0.01 on Friday, hitting $18.76. The company's stock had a trading volume of 1,355,791 shares, compared to its average volume of 7,779,564. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market capitalization of $29.06 billion, a price-to-earnings ratio of 208.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. The stock has a 50 day moving average of $19.21 and a 200-day moving average of $19.04.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Blue Owl Capital's payout ratio is 1,000.00%.

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.