Blue Owl Capital Inc. $OWL Shares Acquired by Ceredex Value Advisors LLC

Key Points

• Ceredex Value Advisors LLC significantly increased its stake in Blue Owl Capital by 167.1%, acquiring over 2 million additional shares, which now represents 1.4% of their investment portfolio.
• Blue Owl Capital reported a quarterly earnings per share (EPS) of $0.21, meeting analysts' expectations, with revenue significantly higher than consensus estimates at $703.11 million.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend of $0.90, which reflects a dividend yield of 4.8% with a payout ratio of 1,000%.

Ceredex Value Advisors LLC grew its stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 167.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,259,655 shares of the company's stock after acquiring an additional 2,039,355 shares during the quarter. Blue Owl Capital comprises approximately 1.4% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 13th biggest position. Ceredex Value Advisors LLC owned about 0.21% of Blue Owl Capital worth $65,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vise Technologies Inc. increased its position in shares of Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company's stock worth $255,000 after purchasing an additional 478 shares during the last quarter. Teza Capital Management LLC increased its position in shares of Blue Owl Capital by 1.7% during the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company's stock worth $673,000 after purchasing an additional 485 shares during the last quarter. State of Wyoming increased its position in shares of Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after purchasing an additional 503 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after purchasing an additional 583 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Blue Owl Capital by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company's stock worth $532,000 after purchasing an additional 658 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $18.63 on Tuesday. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The company has a market cap of $28.87 billion, a PE ratio of 207.02, a P/E/G ratio of 1.23 and a beta of 1.16. The business has a 50-day simple moving average of $19.40 and a 200-day simple moving average of $19.44.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.8%. Blue Owl Capital's payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, May 20th. Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Piper Sandler lifted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Finally, Barclays lifted their target price on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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