Blue Owl Capital Inc. $OWL Position Lifted by MAI Capital Management

Key Points

• MAI Capital Management has increased its stake in Blue Owl Capital Inc. by 9.3%, bringing its total holdings to $4.27 million from the purchase of an additional 18,106 shares.
• Other institutional investors like Vanguard Group and Cresset Asset Management have also significantly increased their holdings in Blue Owl Capital, indicating strong institutional interest in the company.
• Equities analysts have a consensus rating of "Moderate Buy" for Blue Owl Capital, with an average target price of $24.02 and many analysts assigning "buy" ratings.

MAI Capital Management increased its holdings in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,806 shares of the company's stock after buying an additional 18,106 shares during the period. MAI Capital Management's holdings in Blue Owl Capital were worth $4,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company's stock worth $1,210,674,000 after buying an additional 7,206,495 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 4.6% in the 1st quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company's stock valued at $193,821,000 after purchasing an additional 422,745 shares during the last quarter. Federated Hermes Inc. raised its stake in Blue Owl Capital by 0.4% in the 1st quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company's stock valued at $138,306,000 after purchasing an additional 24,800 shares during the last quarter. Cresset Asset Management LLC raised its stake in Blue Owl Capital by 1.4% in the 1st quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company's stock valued at $123,061,000 after purchasing an additional 87,684 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Blue Owl Capital by 1.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 5,553,781 shares of the company's stock valued at $111,298,000 after purchasing an additional 101,307 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

NYSE OWL traded down $0.30 on Friday, reaching $17.76. The company had a trading volume of 16,053,176 shares, compared to its average volume of 6,743,771. The firm has a market capitalization of $27.51 billion, a PE ratio of 197.30, a P/E/G ratio of 1.18 and a beta of 1.16. Blue Owl Capital Inc. has a 1 year low of $14.55 and a 1 year high of $26.73. The firm has a 50-day moving average of $19.30 and a 200-day moving average of $19.16.

Blue Owl Capital (NYSE:OWL - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The firm had revenue of $703.11 million during the quarter, compared to analysts' expectations 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, sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital's dividend payout ratio is 1,000.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OWL. Raymond James Financial assumed coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating for the company. Wells Fargo & Company upped their price objective on shares of 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. Oppenheimer upped their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Piper Sandler upped their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI upped their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital 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.