Blue Owl Capital Inc. $OWL Holdings Raised by Advent International L.P.

Key Points

• Advent International L.P. increased its stake in Blue Owl Capital Inc. by 14.2% during the first quarter, making it the 8th largest holding in its portfolio.
• Blue Owl Capital recently announced a quarterly dividend of $0.225 per share, resulting in an annualized yield of 4.9%, despite a high dividend payout ratio of 1,000.00%.
• The company's stock has a current market capitalization of $28.67 billion and has shown a price range between $14.55 and $26.73 over the past year.

Advent International L.P. grew its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,600,905 shares of the company's stock after buying an additional 570,905 shares during the period. Blue Owl Capital accounts for approximately 2.9% of Advent International L.P.'s investment portfolio, making the stock its 8th largest position. Advent International L.P. owned 0.30% of Blue Owl Capital worth $92,202,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Blue Owl Capital by 20.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,687 shares of the company's stock worth $156,000 after buying an additional 1,117 shares during the period. Northern Trust Corp raised its position in Blue Owl Capital by 6.0% in the fourth quarter. Northern Trust Corp now owns 2,872,433 shares of the company's stock valued at $66,813,000 after purchasing an additional 163,830 shares during the period. AQR Capital Management LLC raised its position in Blue Owl Capital by 30.4% in the fourth quarter. AQR Capital Management LLC now owns 366,990 shares of the company's stock valued at $8,536,000 after purchasing an additional 85,661 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Blue Owl Capital by 127.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 26,459 shares of the company's stock worth $615,000 after purchasing an additional 14,846 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Blue Owl Capital during the fourth quarter worth $1,085,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 1.6%

OWL traded down $0.30 during trading on Friday, hitting $17.76. 16,053,176 shares of the stock were exchanged, compared to its average volume of 6,743,771. The stock has a fifty day moving average price of $19.30 and a two-hundred day moving average price of $19.13. Blue Owl Capital Inc. has a 1-year low of $14.55 and a 1-year high of $26.73. The firm has a market capitalization of $27.51 billion, a P/E ratio of 197.30, a PEG ratio of 1.17 and a beta of 1.16.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They set a "market perform" rating on the stock. Oppenheimer upped their target price on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Piper Sandler boosted their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $20.00 to $23.00 in a report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.