Gabelli Funds LLC Raises Stock Holdings in Blue Owl Capital Inc. $OWL

Key Points

• Gabelli Funds LLC increased its stake in Blue Owl Capital by 16.9% during the first quarter, owning 399,795 shares valued at $8.01 million.
• Multiple institutional investors have also raised their positions in Blue Owl Capital, with total institutional ownership at 35.85%.
• Blue Owl Capital declared a quarterly dividend of $0.225 per share, reflecting an annualized dividend of $0.90 and a yield of 4.8%.

Gabelli Funds LLC boosted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,795 shares of the company's stock after buying an additional 57,690 shares during the period. Gabelli Funds LLC's holdings in Blue Owl Capital were worth $8,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in OWL. Tower Research Capital LLC TRC increased its position in Blue Owl Capital by 20.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,687 shares of the company's stock valued at $156,000 after buying an additional 1,117 shares in the last quarter. Boothbay Fund Management LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $733,000. Northern Trust Corp increased its position in Blue Owl Capital by 6.0% during the 4th quarter. Northern Trust Corp now owns 2,872,433 shares of the company's stock valued at $66,813,000 after buying an additional 163,830 shares in the last quarter. AQR Capital Management LLC increased its position in Blue Owl Capital by 30.4% during the 4th quarter. AQR Capital Management LLC now owns 366,990 shares of the company's stock valued at $8,536,000 after buying an additional 85,661 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in Blue Owl Capital by 66.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 162,931 shares of the company's stock valued at $3,790,000 after purchasing an additional 64,861 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on OWL shares. Evercore ISI boosted their price target 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. Piper Sandler boosted their price target on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $20.00 to $23.00 in a research note on Tuesday, May 20th. Oppenheimer boosted their price target on Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company boosted their price target on Blue Owl Capital from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Friday, May 23rd. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.19 during midday trading on Monday, hitting $18.50. 5,951,308 shares of the company were exchanged, compared to its average volume of 5,925,921. The firm has a market capitalization of $28.67 billion, a PE ratio of 205.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73. The business has a fifty day simple moving average of $19.39 and a two-hundred day simple moving average of $19.30.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $703.11 million for the quarter, compared to analyst estimates of $642.13 million. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%. As a group, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a dividend of $0.225 per share. The ex-dividend date was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.9%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

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.