Engineers Gate Manager LP Purchases 141,865 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Engineers Gate Manager LP increased its Blue Owl Capital stake by 47.1% in the second quarter, purchasing 141,865 shares and bringing its holdings to 443,312 shares valued at approximately $3.9 million.
• Blue Owl reported quarterly earnings of $0.22 per share, matching analyst expectations, while revenue reached $693.56 million. The company also paid a quarterly dividend of $0.23 per share, implying an annualized yield of 8.7%.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $13.57, compared with a recent share price of $10.57.

Engineers Gate Manager LP boosted its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 47.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 443,312 shares of the company's stock after buying an additional 141,865 shares during the period. Engineers Gate Manager LP's holdings in Blue Owl Capital were worth $3,879,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arax Advisory Partners bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $26,000. Lavaca Capital LLC purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $28,000. Burk Holdings LLC bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $27,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter valued at approximately $41,000. 35.85% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 1.4%

Shares of NYSE OWL opened at $10.57 on Friday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29. The firm's 50-day moving average price is $10.82 and its 200-day moving average price is $9.96. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 88.10, a P/E/G ratio of 1.16 and a beta of 1.22.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.7%. The ex-dividend date was Thursday, August 13th. Blue Owl Capital's dividend payout ratio is presently 766.67%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group boosted their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Citigroup reiterated a "market outperform" rating on shares of Blue Owl Capital in a research note on Thursday, July 9th. Citizens Jmp dropped their price objective on shares of Blue Owl Capital from $21.00 to $17.00 and set a "market outperform" rating for the company in a report on Thursday, July 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Finally, BMO Capital Markets boosted their target price on Blue Owl Capital from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, August 3rd. One equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.57.

Blue Owl Capital Company Profile

Blue Owl Capital Inc NYSE: OWL is a global alternative asset manager that provides private market investment solutions to institutional investors, financial professionals, family offices and high-net-worth individuals. The firm focuses on strategies designed to generate income, long-term capital appreciation and portfolio diversification outside traditional public markets.

Blue Owl's platform includes direct lending and other private credit strategies, which provide financing to middle-market companies and other borrowers.

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