Corient Private Wealth LP Makes New Investment in Blue Owl Capital Inc. $OWL

Key Points

• Corient Private Wealth LP acquired 1.24 million Blue Owl Capital shares in the second quarter, valued at approximately $13.5 million and representing a 0.08% stake. Institutional investors collectively own 35.85% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $13.57. Individual targets range from $9.10 to $17.00.
• Blue Owl reported quarterly earnings of $0.22 per share, matching expectations, on revenue of $693.56 million. The company also paid a quarterly dividend of $0.23 per share, equivalent to a 7.6% annualized yield.

Corient Private Wealth LP acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,243,805 shares of the company's stock, valued at approximately $13,520,000. Corient Private Wealth LP owned 0.08% of Blue Owl Capital as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OWL. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $25,000. Toronto Dominion Bank bought a new position in Blue Owl Capital during the 4th quarter worth $26,000. Burk Holdings LLC acquired a new position in Blue Owl Capital in the 2nd quarter valued at $27,000. Lavaca Capital LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $28,000. Finally, Essential Partners LLC lifted its position in shares of Blue Owl Capital by 739.7% during the 1st quarter. Essential Partners LLC now owns 3,216 shares of the company's stock valued at $29,000 after acquiring an additional 2,833 shares during the period. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Capital One Financial set a $12.00 target price on Blue Owl Capital in a report on Monday, August 3rd. Citizens Jmp dropped their price target on Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a research note on Thursday, July 9th. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Blue Owl Capital in a research note on Thursday, June 18th. Finally, Barclays raised their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus price target of $13.57.

Blue Owl Capital Price Performance

OWL stock opened at $12.03 on Friday. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 100.26, a P/E/G ratio of 1.32 and a beta of 1.19. The company has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.02. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $19.29.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $693.56 million for the quarter, compared to analysts' expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.6%. Blue Owl Capital's payout ratio is currently 766.67%.

About Blue Owl Capital

Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.

Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.

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