Danske Bank A S Takes Position in Blue Owl Capital Inc. $OWL

Key Points

• Danske Bank acquired 589,365 shares of Blue Owl Capital in the second quarter, valued at approximately $6.4 million. Institutional investors and hedge funds collectively own 35.85% of OWL.
• Blue Owl reported quarterly EPS of $0.22, matching analyst expectations, while revenue of $693.56 million slightly exceeded forecasts. Shares recently traded at $11.66, up 2.3%.
• The company declared a quarterly dividend of $0.23, equivalent to an annualized $0.92 and a 7.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $13.44.

Danske Bank A S bought a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 589,365 shares of the company's stock, valued at approximately $6,406,000.

Several other large investors have also recently bought and sold shares of the business. Arax Advisory Partners purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $28,000. Essential Partners LLC raised its holdings in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company's stock worth $29,000 after acquiring an additional 2,833 shares in the last quarter. Finally, CX Institutional boosted its position in Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company's stock valued at $30,000 after purchasing an additional 3,050 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 2.3%

Shares of NYSE:OWL opened at $11.66 on Friday. The stock has a market capitalization of $18.18 billion, a PE ratio of 97.17, a P/E/G ratio of 1.27 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $19.29. The firm has a fifty day moving average price of $10.07 and a 200 day moving average price of $10.03.

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

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital's payout ratio is presently 766.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OWL shares. TD Cowen restated a "buy" rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Zacks Research raised Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 27th. The Goldman Sachs Group lifted their price target on Blue Owl Capital from $9.50 to $10.50 and gave the company a "neutral" rating in a report on Monday, August 3rd. Citizens Jmp lowered 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. Finally, Capital One Financial set a $12.00 price objective on Blue Owl Capital in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average target price of $13.44.

Blue Owl Capital Profile

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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