Voya Investment Management LLC Cuts Stock Position in Blue Owl Capital Inc. $OWL

Key Points

• Voya Investment Management LLC has reduced its stake in Blue Owl Capital by 6.9% in the first quarter, now holding approximately 4.8 million shares valued at $96.57 million.
• Several other institutional investors have also increased their positions in Blue Owl Capital, with one firm, MassMutual Private Wealth & Trust FSB, growing its holdings by a staggering 380.4%.
• Blue Owl Capital's recent quarterly earnings matched expectations at $0.21 EPS, with revenues significantly exceeding forecasts at $703.11 million.

Voya Investment Management LLC reduced its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,818,836 shares of the company's stock after selling 358,452 shares during the quarter. Voya Investment Management LLC owned approximately 0.31% of Blue Owl Capital worth $96,569,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of OWL. Vanguard Group Inc. grew its position in Blue Owl Capital by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock valued at $1,210,674,000 after acquiring an additional 7,206,495 shares in the last quarter. Ceredex Value Advisors LLC grew its position in Blue Owl Capital by 167.1% in the 1st quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company's stock valued at $65,323,000 after acquiring an additional 2,039,355 shares in the last quarter. Select Equity Group L.P. acquired a new position in Blue Owl Capital in the 1st quarter valued at about $38,810,000. Squarepoint Ops LLC grew its position in Blue Owl Capital by 637.7% in the 4th quarter. Squarepoint Ops LLC now owns 2,046,747 shares of the company's stock valued at $47,607,000 after acquiring an additional 1,769,302 shares in the last quarter. Finally, HMI Capital Management L.P. acquired a new position in Blue Owl Capital in the 1st quarter valued at about $30,343,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OWL traded up $0.63 during mid-day trading on Thursday, reaching $19.18. 2,759,369 shares of the company's stock were exchanged, compared to its average volume of 7,768,322. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The business's fifty day simple moving average is $19.15 and its 200-day simple moving average is $18.96. The stock has a market capitalization of $29.71 billion, a PE ratio of 213.41, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting 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 business had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. Equities research analysts predict 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 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 4.7%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. 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. Raymond James Financial assumed coverage on Blue Owl Capital in a research report on Monday, July 28th. They set a "market perform" rating for the company. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Oppenheimer boosted their price objective on 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 equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Company 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.