Ancora Advisors LLC Makes New Investment in Blue Owl Capital Inc. $OWL

Key Points

• Ancora Advisors acquired 249,538 shares of Blue Owl Capital during the second quarter, valued at approximately $1.39 million. Institutional investors collectively own 35.85% of the company.
• Analysts have a consensus “Moderate Buy” rating on OWL, with an average price target of $13.57; individual targets recently ranged from $9.10 to $17.00.
• Blue Owl reported quarterly earnings of $0.22 per share on $693.56 million in revenue and pays a $0.23 quarterly dividend, equating to a 7.6% annualized yield.

Ancora Advisors LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 249,538 shares of the company's stock, valued at approximately $1,390,000.

Several other large investors have also recently bought and sold shares of OWL. Arax Advisory Partners acquired a new position in Blue Owl Capital during the fourth quarter worth about $25,000. Toronto Dominion Bank purchased a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $26,000. Burk Holdings LLC purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth approximately $27,000. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $28,000. Finally, Essential Partners LLC grew its holdings in shares of Blue Owl Capital by 739.7% in the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock worth $29,000 after acquiring an additional 2,833 shares during the period. Hedge funds and other institutional investors own 35.85% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on OWL shares. Citigroup reaffirmed a "market outperform" rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. The Goldman Sachs Group upped their target price on Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. Credit Suisse Group set a $9.10 price target on Blue Owl Capital in a research report on Thursday, July 2nd. Citizens Jmp cut their price target on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. One 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.57.

Blue Owl Capital Stock Up 2.0%

OWL stock opened at $12.04 on Friday. The stock has a market capitalization of $18.77 billion, a price-to-earnings ratio of 100.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.19. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $19.29. The stock's fifty day simple moving average is $10.24 and its 200-day simple moving average is $10.00.

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. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The firm had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. As a group, analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital's payout ratio is presently 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.

Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. (NYSE:OWL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source