Nuveen LLC Takes Position in Blue Owl Capital Inc. $OWL

Key Points

• Nuveen LLC acquired 505,664 shares of Blue Owl Capital Inc. valued at approximately $9.78 million during the first quarter.
• The company announced a quarterly dividend of $0.225, yielding 4.8%, to be paid on August 28, 2023.
• Blue Owl Capital's shares are currently trading around $18.80, down from a one-year high of $26.73, with analysts projecting a 0.92 EPS for the fiscal year.

Nuveen LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 505,664 shares of the company's stock, valued at approximately $9,782,000.

A number of other large investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in Blue Owl Capital by 380.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after buying an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after buying an additional 583 shares during the last quarter. Allworth Financial LP lifted its position in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after buying an additional 998 shares during the last quarter. State of Wyoming lifted its position in Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock worth $61,000 after buying an additional 2,033 shares during the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.6%

Shares of OWL traded up $0.12 during mid-day trading on Thursday, hitting $18.71. 3,923,755 shares of the company's stock traded hands, compared to its average volume of 6,752,001. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The firm has a market capitalization of $28.98 billion, a P/E ratio of 207.87, a PEG ratio of 1.22 and a beta of 1.16. The business's 50-day moving average price is $19.40 and its 200-day moving average price is $19.39.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its 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 return on equity of 19.64% and a net margin of 2.88%.The firm had revenue of $703.11 million for the quarter, compared to analysts' expectations of $642.13 million. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 annualized dividend and a dividend yield of 4.8%. Blue Owl Capital's payout ratio is 1,000.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OWL shares. UBS Group dropped their target price on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Barclays boosted their target price on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Cowen restated a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Oppenheimer lifted their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital 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.