505,664 Shares in Blue Owl Capital Inc. $OWL Bought by Nuveen LLC

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OWL. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after purchasing an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Blue Owl Capital by 39.1% during the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after acquiring an additional 583 shares in the last quarter. State of Wyoming grew 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 buying an additional 503 shares in the last quarter. Allworth Financial LP grew its holdings in Blue Owl Capital by 70.5% during the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after buying an additional 998 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in Blue Owl Capital by 205.6% during the first 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 in the last quarter. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Price Performance

Shares of OWL opened at $18.7950 on Friday. The business has a fifty day moving average of $19.40 and a 200 day moving average of $19.55. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The firm has a market capitalization of $29.12 billion, a P/E ratio of 208.86, a PEG ratio of 1.22 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released 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 return on equity of 19.64% and a net margin of 2.88%.The business had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's payout ratio is currently 1,000.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OWL shares. UBS Group reduced their price objective on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Oppenheimer raised their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Friday, May 23rd. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating on the stock. Finally, Barclays raised their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

About Blue Owl Capital

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.

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