Lalia Capital LLC Makes New $34.95 Million Investment in Blue Owl Capital Inc. $OWL

Key Points

• Lalia Capital LLC purchased 3.22 million Blue Owl Capital shares worth approximately $34.95 million, making OWL its largest holding and representing about 0.21% of the company.
• Analysts maintain a generally positive outlook, with Blue Owl rated “Moderate Buy” and a consensus price target of $13.44, despite several recent target reductions.
• Blue Owl reported quarterly EPS of $0.22 in line with estimates and declared a $0.23 quarterly dividend, equivalent to a 7.9% annualized yield.

Lalia Capital LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,215,467 shares of the company's stock, valued at approximately $34,952,000. Blue Owl Capital accounts for 17.0% of Lalia Capital LLC's holdings, making the stock its largest position. Lalia Capital LLC owned about 0.21% of Blue Owl Capital as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of OWL. Arax Advisory Partners acquired a new position in Blue Owl Capital during the 4th quarter worth about $25,000. Toronto Dominion Bank acquired a new position in Blue Owl Capital in the 4th quarter valued at about $26,000. Lavaca Capital LLC purchased a new stake in Blue Owl Capital during the fourth quarter worth about $28,000. Essential Partners LLC increased its stake in 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 purchasing an additional 2,833 shares during the period. Finally, CX Institutional lifted its position in shares of Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company's stock worth $30,000 after purchasing an additional 3,050 shares in the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a "hold" rating in a research report on Monday, July 20th. Citizens Jmp dropped their price target on shares of 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. BMO Capital Markets upped their price objective 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. Finally, JPMorgan Chase & Co. decreased their target price on Blue Owl Capital from $19.00 to $10.50 and set a "neutral" rating for the company in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $13.44.

Blue Owl Capital Stock Performance

OWL stock opened at $11.66 on Friday. The company's 50 day moving average price is $10.07 and its 200 day moving average price is $10.03. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 97.17, a PEG ratio of 1.27 and a beta of 1.19. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29.

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

Blue Owl Capital Announces Dividend

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

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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