M.D. Sass LLC Grows Position in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• M.D. Sass LLC increased its stake in Blue Owl Capital Inc. by 14.6%, acquiring an additional 23,052 shares, bringing its total holdings to 180,638 shares.
• Blue Owl Capital reported a net revenue of $703.11 million for the quarter, surpassing analysts' expectations of $642.13 million, with an EPS of $0.21.
• The company declared a quarterly dividend of $0.225 per share, reflecting a yield of 4.8% and indicating a payout ratio of 1,000.00%.

M.D. Sass LLC increased its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 180,638 shares of the company's stock after buying an additional 23,052 shares during the quarter. Blue Owl Capital accounts for approximately 0.3% of M.D. Sass LLC's holdings, making the stock its 28th biggest holding. M.D. Sass LLC's holdings in Blue Owl Capital were worth $3,620,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Blue Owl Capital by 380.4% in the 1st 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. Cullen Frost Bankers Inc. raised its position in Blue Owl Capital by 39.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after buying an additional 583 shares during the last quarter. Allworth Financial LP raised its position in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock worth $45,000 after buying an additional 998 shares during the last quarter. State of Wyoming raised its position in Blue Owl Capital by 27.1% in the 4th quarter. State of Wyoming now owns 2,359 shares of the company's stock worth $55,000 after buying an additional 503 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Blue Owl Capital by 205.6% in the 1st quarter. Larson Financial Group LLC now owns 3,022 shares of the company's stock worth $61,000 after buying an additional 2,033 shares during the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research report on Wednesday, July 2nd. Oppenheimer upped their price target on shares of Blue Owl Capital from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. JMP Securities reduced their price target on shares of Blue Owl Capital from $32.00 to $28.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price objective on Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Citigroup cut their price objective on Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.28 during trading hours on Tuesday, hitting $19.07. 980,470 shares of the stock were exchanged, compared to its average volume of 7,813,793. Blue Owl Capital Inc. has a 12-month low of $14.55 and a 12-month high of $26.73. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 212.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16. The stock's 50-day moving average price is $19.29 and its two-hundred day moving average price is $20.07.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.90% and a net margin of 2.88%. The company had revenue of $703.11 million for the quarter, compared to the consensus estimate of $642.13 million. On average, research analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be issued a $0.225 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.7%. Blue Owl Capital's dividend payout ratio is presently 1,000.00%.

About Blue Owl Capital

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.