Ancora Advisors LLC Buys New Shares in Blue Owl Capital Inc. $OWL

Key Points

• Ancora Advisors purchased 365,913 shares of Blue Owl Capital in the second quarter, valued at approximately $3.2 million. Institutional investors and hedge funds collectively own 35.85% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $13.57; Oppenheimer recently raised its target to $17.
• Blue Owl reported quarterly EPS of $0.22, in line with estimates, and revenue of $693.56 million. The company also paid a $0.23 quarterly dividend, representing a 7.9% annualized yield.

Ancora Advisors LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 365,913 shares of the company's stock, valued at approximately $3,202,000.

Other large investors have also recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $26,000. Burk Holdings LLC acquired a new position in shares of Blue Owl Capital during the second quarter valued at about $27,000. Lavaca Capital LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth about $28,000. Finally, Essential Partners LLC boosted its position in shares of Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock worth $29,000 after purchasing an additional 2,833 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on OWL. TD Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Oppenheimer lifted their price target on shares of Blue Owl Capital from $15.00 to $17.00 and gave the company an "outperform" rating in a research report on Thursday, August 27th. BMO Capital Markets boosted their price target on shares of Blue Owl Capital from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Blue Owl Capital in a report on Thursday, June 18th. One investment 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 data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average target price of $13.57.

Blue Owl Capital Trading Down 4.3%

OWL stock opened at $11.71 on Wednesday. The stock has a market cap of $18.26 billion, a P/E ratio of 97.59, a P/E/G ratio of 1.35 and a beta of 1.22. The stock's fifty day simple moving average is $10.41 and its two-hundred day simple moving average is $9.99. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $19.29.

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, meeting the consensus estimate of $0.22. The firm had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, August 13th. Blue Owl Capital's dividend payout ratio is 766.67%.

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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