Blue Owl Capital Holdings LP Acquires Shares of 2,045,070 Blue Owl Capital Inc. $OWL

Key Points

• Blue Owl Capital Holdings LP acquired 2,045,070 shares of Blue Owl Capital, valued at approximately $22.23 million. The position represents 3.3% of its portfolio and about 0.13% of OWL’s outstanding shares.
• Institutional ownership remains significant at 35.85%, with State Street, California Public Employees Retirement System and Royal Bank of Canada among investors increasing their stakes. Analysts maintain a “Moderate Buy” consensus with an average price target of $13.44.
• Blue Owl reported quarterly earnings of $0.22 per share, in line with estimates, and revenue of $693.56 million. The company declared a quarterly dividend of $0.23, equivalent to an annualized yield of approximately 8.1%.

Blue Owl Capital Holdings LP acquired a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,045,070 shares of the company's stock, valued at approximately $22,230,000. Blue Owl Capital makes up 3.3% of Blue Owl Capital Holdings LP's investment portfolio, making the stock its 8th biggest position. Blue Owl Capital Holdings LP owned about 0.13% of Blue Owl Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Blue Owl Capital by 50.0% during the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company's stock valued at $7,976,000 after buying an additional 132,637 shares in the last quarter. Russell Investments Group Ltd. raised its position in Blue Owl Capital by 4.0% in the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company's stock worth $849,000 after acquiring an additional 1,703 shares during the period. Jump Financial LLC purchased a new position in shares of Blue Owl Capital during the 2nd quarter valued at about $238,000. California Public Employees Retirement System lifted its stake in shares of Blue Owl Capital by 28.2% during the 2nd quarter. California Public Employees Retirement System now owns 787,255 shares of the company's stock valued at $15,123,000 after buying an additional 172,982 shares in the last quarter. Finally, State Street Corp lifted its holdings in Blue Owl Capital by 10.6% in the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company's stock worth $189,806,000 after purchasing an additional 950,700 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup reissued a "market outperform" rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. JPMorgan Chase & Co. decreased their price objective on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating on the stock in a report on Wednesday, April 29th. The Goldman Sachs Group increased their target price on Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a research report on Monday, August 3rd. TD Cowen reissued a "buy" rating on shares of Blue Owl Capital in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a "hold" rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.44.

Blue Owl Capital Stock Down 3.0%

NYSE OWL opened at $11.42 on Friday. The company has a fifty day moving average of $10.03 and a two-hundred day moving average of $10.02. The firm has a market capitalization of $17.80 billion, a price-to-earnings ratio of 95.17, a PEG ratio of 1.31 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.

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 for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital's dividend payout ratio is 766.67%.

Blue Owl Capital 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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