Blue Owl Capital Inc. $OWL Shares Purchased by Callodine Capital Management LP

Key Points

• Callodine Capital Management LP increased its stake in Blue Owl Capital Inc. by 33.1%, making it the 5th largest position in their portfolio with a total of 1,497,531 shares.
• Blue Owl Capital recently reported $0.21 earnings per share for the quarter, meeting analysts' expectations, and achieved a revenue of $703.11 million, surpassing predictions.
• The company has announced a quarterly dividend of $0.225 per share, reflecting a 4.8% yield, with an ex-dividend date set for August 14th.

Callodine Capital Management LP grew its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 33.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,497,531 shares of the company's stock after acquiring an additional 372,531 shares during the quarter. Blue Owl Capital accounts for approximately 5.0% of Callodine Capital Management LP's investment portfolio, making the stock its 5th biggest position. Callodine Capital Management LP owned about 0.10% of Blue Owl Capital worth $30,011,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after acquiring an additional 1,050 shares during the period. SVB Wealth LLC bought a new stake in shares of Blue Owl Capital in the first quarter valued at about $38,000. Cullen Frost Bankers Inc. boosted its position in shares of Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after acquiring an additional 583 shares during the period. State of Wyoming boosted its position in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after acquiring an additional 503 shares during the period. Finally, Allworth Financial LP boosted its position in shares of Blue Owl Capital by 70.5% in the first quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after acquiring an additional 998 shares during the period. Institutional investors own 35.85% of the company's stock.

Blue Owl Capital Trading Down 1.0%

NYSE OWL traded down $0.19 during trading on Friday, hitting $18.50. 5,951,308 shares of the company's stock were exchanged, compared to its average volume of 6,235,361. The company has a market cap of $28.67 billion, a PE ratio of 205.58, a P/E/G ratio of 1.23 and a beta of 1.16. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The stock's 50 day moving average price is $19.39 and its two-hundred day moving average price is $19.36.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million during the quarter, compared to the consensus estimate of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. Analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 annualized dividend and a yield of 4.9%. Blue Owl Capital's payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OWL. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Evercore ISI upped 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. Finally, Oppenheimer upped their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

About Blue Owl Capital

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.