Ancora Advisors LLC Buys Shares of 365,913 Blue Owl Capital Inc. $OWL

Key Points

• Ancora Advisors initiated a position in Blue Owl Capital, purchasing 365,913 shares valued at approximately $3.2 million. Institutional investors collectively own 35.85% of OWL.
• Analyst sentiment remains favorable overall, with a consensus rating of “Moderate Buy” and an average price target of $13.44, despite several recent target-price reductions.
• Blue Owl reported quarterly earnings of $0.22 per share, in line with estimates, and announced a $0.23 quarterly dividend. The annualized dividend yield is 7.8%, though the payout ratio is notably high at 766.67%.

Ancora Advisors LLC bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 365,913 shares of the company's stock, valued at approximately $3,202,000.

Several other large investors also recently made changes to their positions in OWL. Capital World Investors increased its position in Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company's stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares during the period. Vanguard Group Inc. boosted its position in Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company's stock worth $1,025,016,000 after acquiring an additional 691,980 shares during the period. Capital International Investors boosted its position in Blue Owl Capital by 4.3% during the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company's stock worth $977,118,000 after acquiring an additional 2,676,281 shares during the period. Bank of America Corp DE grew its stake in shares of Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company's stock worth $382,008,000 after purchasing an additional 1,751,024 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Blue Owl Capital by 16.2% in the fourth quarter. Boston Partners now owns 14,123,877 shares of the company's stock worth $211,270,000 after purchasing an additional 1,970,101 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating for the company in a research report on Wednesday, April 29th. Citizens Jmp dropped their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating on the stock in a research report on Thursday, July 9th. The Goldman Sachs Group upped their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Blue Owl Capital from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 27th. Finally, UBS Group reiterated a "neutral" rating and set a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $13.44.

Blue Owl Capital Price Performance

Shares of OWL opened at $11.82 on Thursday. The firm's 50 day moving average is $10.19 and its 200-day moving average is $10.01. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29. The stock has a market capitalization of $18.43 billion, a P/E ratio of 98.51, a P/E/G ratio of 1.30 and a beta of 1.19.

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

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital's dividend payout ratio is currently 766.67%.

About Blue Owl Capital

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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