Monashee Investment Management LLC Buys Shares of 150,000 Blue Owl Capital Inc. $OWL

Key Points

• Monashee Investment Management LLC acquired a new stake in Blue Owl Capital, purchasing 150,000 shares valued at approximately $3 million in the first quarter.
• Various institutional investors have recently increased their stakes, with MassMutual Private Wealth & Trust FSB raising its stake by 380.4%.
• Analysts generally rate Blue Owl Capital as a "Moderate Buy", with an average price target of $24.02, reflecting positive sentiment towards the company's stock performance.

Monashee Investment Management LLC bought a new stake in Blue Owl Capital Inc. (NYSE:OWL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the company's stock, valued at approximately $3,006,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in 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 valued at $27,000 after acquiring an additional 1,050 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake 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 worth $42,000 after buying an additional 583 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 70.5% in the first 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 lifted its stake 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 worth $55,000 after buying an additional 503 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Blue Owl Capital by 205.6% in the first 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Blue Owl Capital from $22.50 to $23.50 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Raymond James Financial initiated coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating for the company. Evercore ISI boosted their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Oppenheimer boosted their price objective on shares of Blue Owl Capital from $25.00 to $26.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Cowen reaffirmed a "buy" rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Stock Performance

Shares of OWL stock opened at $18.5820 on Thursday. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The stock has a market cap of $28.79 billion, a price-to-earnings ratio of 206.49, a P/E/G ratio of 1.23 and a beta of 1.16. The firm has a fifty day moving average of $19.41 and a 200-day moving average of $19.63.

Blue Owl Capital (NYSE:OWL - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. The company had revenue of $703.11 million during the quarter, compared to analysts' expectations of $642.13 million. On average, sell-side analysts predict 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 paid 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 4.8%. Blue Owl Capital's dividend payout ratio is currently 1,000.00%.

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.

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