Blue Owl Capital Inc. $OWL Stock Position Increased by Beck Mack & Oliver LLC

Key Points

• Beck Mack & Oliver LLC has increased its stake in Blue Owl Capital Inc. by 12.1%, now owning approximately 6,777,668 shares valued at around $135.8 million.
• Several institutional investors have also made significant moves, including MassMutual Private Wealth & Trust FSB, which raised its holdings by 380.4% in the first quarter.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, resulting in an annualized yield of 4.9%.

Beck Mack & Oliver LLC raised its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,777,668 shares of the company's stock after purchasing an additional 732,452 shares during the period. Blue Owl Capital accounts for 2.7% of Beck Mack & Oliver LLC's portfolio, making the stock its 14th largest position. Beck Mack & Oliver LLC owned about 0.44% of Blue Owl Capital worth $135,824,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Blue Owl Capital by 13.5% in the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after acquiring an additional 7,206,495 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Blue Owl Capital by 4,278.0% in the fourth quarter. Cresset Asset Management LLC now owns 6,053,065 shares of the company's stock worth $140,794,000 after acquiring an additional 5,914,804 shares in the last quarter. Ceredex Value Advisors LLC increased its position in shares of Blue Owl Capital by 167.1% in the first quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company's stock worth $65,323,000 after acquiring an additional 2,039,355 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Blue Owl Capital by 637.7% in the fourth quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock worth $47,607,000 after acquiring an additional 1,769,302 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Blue Owl Capital by 150.9% in the first quarter. Raymond James Financial Inc. now owns 1,640,109 shares of the company's stock worth $32,868,000 after acquiring an additional 986,367 shares in the last quarter. Institutional investors and hedge funds own 35.85% of the company's stock.

Blue Owl Capital Trading Up 0.7%

OWL stock traded up $0.12 during mid-day trading on Thursday, hitting $18.03. 18,725,772 shares of the company were exchanged, compared to its average volume of 7,725,137. The company has a market capitalization of $27.94 billion, a PE ratio of 200.40, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. Blue Owl Capital Inc. has a twelve month low of $14.55 and a twelve month high of $26.73. The firm has a fifty day simple moving average of $19.36 and a 200 day simple moving average of $19.25.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $703.11 million during the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. As a group, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is currently 1,000.00%.

Wall Street Analysts Forecast Growth

OWL has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Oppenheimer raised their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays raised their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $24.02.

Blue Owl Capital Profile

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.