Border to Coast Pensions Partnership Ltd Purchases 50,000 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in Blue Owl Capital Inc. by 7.1%, owning a total of 750,000 shares valued at approximately $14.4 million, after purchasing an additional 50,000 shares in the second quarter.
• Several institutional investors, including Bank of New York Mellon Corp and Wealth Enhancement Advisory Services LLC, have also significantly increased their positions in Blue Owl Capital during the first quarter, showcasing growing investor confidence.
• Blue Owl Capital's latest quarterly earnings met expectations, reporting $0.21 earnings per share along with a revenue of $703.11 million, exceeding analyst projections, which has led to a consensus price target of $24.02 among analysts.

Border to Coast Pensions Partnership Ltd raised its position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 750,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Blue Owl Capital were worth $14,408,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OWL. Bank of New York Mellon Corp grew its position in shares of Blue Owl Capital by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,655,834 shares of the company's stock valued at $53,223,000 after acquiring an additional 229,745 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Blue Owl Capital by 13.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,471 shares of the company's stock valued at $230,000 after purchasing an additional 1,357 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Blue Owl Capital by 16.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,400 shares of the company's stock valued at $1,358,000 after purchasing an additional 9,522 shares during the period. Townsend Asset Management Corp NC ADV increased its position in Blue Owl Capital by 8.6% in the first quarter. Townsend Asset Management Corp NC ADV now owns 287,731 shares of the company's stock worth $5,766,000 after buying an additional 22,778 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Blue Owl Capital in the first quarter worth about $1,581,000. Institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OWL shares. Oppenheimer raised 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 upped their target price on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday, August 4th. Evercore ISI lifted their target price on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Raymond James Financial started coverage on Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating for the company. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Trading Down 0.9%

Shares of OWL opened at $18.91 on Friday. The firm has a fifty day moving average price of $19.14 and a 200-day moving average price of $18.93. The firm has a market capitalization of $29.30 billion, a P/E ratio of 210.13, a P/E/G ratio of 1.24 and a beta of 1.16. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73.

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

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio (DPR) is presently 1,000.00%.

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.

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