1,514,100 Shares in Blue Owl Capital Inc. $OWL Purchased by HMI Capital Management L.P.

Key Points

• HMI Capital Management L.P. has acquired 1,514,100 shares of Blue Owl Capital Inc. (NYSE: OWL), valued at approximately $30 million, making it the 10th largest position in HMI's investment portfolio.
• Blue Owl Capital's recent quarterly earnings met expectations with an EPS of $0.21, while revenue surpassed analysts' estimates at $703.11 million.
• The firm announced a dividend of $0.225 per share, representing an annualized yield of 5.0%, with a reported dividend payout ratio of 1,000.00%.

HMI Capital Management L.P. purchased a new position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,514,100 shares of the company's stock, valued at approximately $30,343,000. Blue Owl Capital makes up 1.7% of HMI Capital Management L.P.'s investment portfolio, making the stock its 10th biggest holding. HMI Capital Management L.P. owned 0.10% of Blue Owl Capital as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Blue Owl Capital by 380.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after purchasing an additional 1,050 shares in the last quarter. Banque Transatlantique SA acquired a new stake in shares of Blue Owl Capital in the first quarter valued at $31,000. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at $38,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Blue Owl Capital by 39.1% in the first quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock valued at $42,000 after buying an additional 583 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Blue Owl Capital by 27.1% in the fourth quarter. State of Wyoming now owns 2,359 shares of the company's stock valued at $55,000 after buying an additional 503 shares during the period. Institutional investors own 35.85% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OWL. Barclays upped their price objective on Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Cowen restated a "buy" rating on shares of Blue Owl Capital in a report on Monday, August 4th. Piper Sandler upped their price objective on Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Evercore ISI upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Raymond James Financial began coverage on Blue Owl Capital in a report on Monday, July 28th. They issued a "market perform" rating for the company. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Down 1.6%

Shares of NYSE OWL traded down $0.30 during mid-day trading on Friday, hitting $17.76. 16,053,176 shares of the company traded hands, compared to its average volume of 6,743,771. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The stock has a market capitalization of $27.51 billion, a price-to-earnings ratio of 197.30, a PEG ratio of 1.17 and a beta of 1.16. The business has a 50 day moving average of $19.30 and a two-hundred day moving average of $19.13.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The business had revenue of $703.11 million during the quarter, compared to the consensus estimate 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, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Thursday, August 14th. 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.