Algert Global LLC Purchases Shares of 21,780 Blue Owl Capital Inc. $OWL

Key Points

• Algert Global LLC acquired a new position in Blue Owl Capital Inc. by purchasing 21,780 shares worth approximately $436,000.
• Vanguard Group and other hedge funds increased their stakes in Blue Owl Capital during the 1st quarter, with Vanguard now owning over 60 million shares valued at around $1.21 billion.
• Analysts have a consensus rating of "Moderate Buy" for Blue Owl Capital, with target prices ranging from $23.00 to $26.00 set by various firms.

Algert Global LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 21,780 shares of the company's stock, valued at approximately $436,000.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares during the period. JPMorgan Chase & Co. lifted its holdings in Blue Owl Capital by 4.6% in the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock valued at $193,821,000 after acquiring an additional 422,745 shares during the period. Federated Hermes Inc. lifted its holdings in Blue Owl Capital by 0.4% in the first quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock valued at $138,306,000 after acquiring an additional 24,800 shares during the period. Cresset Asset Management LLC lifted its holdings in Blue Owl Capital by 1.4% in the first quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock valued at $123,061,000 after acquiring an additional 87,684 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in Blue Owl Capital by 1.9% in the first quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company's stock valued at $111,298,000 after acquiring an additional 101,307 shares during the period. Institutional investors own 35.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OWL shares. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Oppenheimer raised their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Evercore ISI raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $20.00 to $23.00 in a research note on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Price Performance

Shares of NYSE:OWL traded up $0.12 during trading on Thursday, hitting $18.71. 3,923,755 shares of the company's stock were exchanged, compared to its average volume of 7,657,116. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The business's 50-day simple moving average is $19.40 and its 200 day simple moving average is $19.43. The company has a market cap of $28.98 billion, a price-to-earnings ratio of 207.87, a PEG ratio of 1.22 and a beta of 1.16.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. Blue Owl Capital's dividend payout ratio (DPR) is currently 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.