931,222 Shares in Blue Owl Capital Inc. $OWL Purchased by Manning & Napier Advisors LLC

Key Points

• Manning & Napier Advisors acquired 931,222 shares of Blue Owl Capital in the second quarter, worth approximately $8.15 million and representing a 0.06% stake. Institutional investors collectively own 35.85% of the company.
• Blue Owl reported quarterly earnings of $0.22 per share, matching analyst expectations, while revenue of $693.56 million slightly exceeded estimates. Shares opened at $11.69, near the midpoint of their 52-week range.
• The company declared a quarterly dividend of $0.23, equivalent to an annualized $0.92 payout and a 7.9% dividend yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $13.44.

Manning & Napier Advisors LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 931,222 shares of the company's stock, valued at approximately $8,148,000. Manning & Napier Advisors LLC owned 0.06% of Blue Owl Capital as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $140,643,000. William Blair Investment Management LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at $113,782,000. Boston Partners grew its holdings in shares of Blue Owl Capital by 121.9% during the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company's stock worth $205,493,000 after purchasing an additional 6,677,610 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Blue Owl Capital in the second quarter valued at about $54,883,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 5,790,400 shares during the period. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Stock Up 0.2%

Shares of Blue Owl Capital stock opened at $11.69 on Tuesday. The stock has a market cap of $18.23 billion, a price-to-earnings ratio of 97.42, a P/E/G ratio of 1.28 and a beta of 1.19. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $19.29. The company's fifty day moving average is $10.11 and its 200 day moving average is $10.01.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.23 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. Blue Owl Capital's payout ratio is 766.67%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OWL. Capital One Financial set a $12.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 3rd. The Goldman Sachs Group raised their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Weiss Ratings restated a "hold (c-)" rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. JPMorgan Chase & Co. dropped their price target on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating for the company in a research note on Wednesday, April 29th. Finally, Citigroup restated a "market outperform" rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average target price of $13.44.

Blue Owl Capital Company Profile

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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