Natixis Advisors LLC Has $5.05 Million Stake in Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Natixis Advisors LLC reduced its stake in Blue Owl Capital by 21.8%, selling 70,240 shares, while still holding 252,030 shares worth approximately $5.05 million.
• Blue Owl Capital reported $0.21 EPS for the last quarter, meeting analyst expectations, with revenues reaching $703.11 million, outpacing estimates of $642.13 million.
• The company announced a quarterly dividend of $0.225 per share, translating to an annual yield of 4.6%, with a payout ratio of 1,000%.

Natixis Advisors LLC trimmed its stake in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,030 shares of the company's stock after selling 70,240 shares during the period. Natixis Advisors LLC's holdings in Blue Owl Capital were worth $5,050,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Blue Owl Capital by 380.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock worth $27,000 after acquiring an additional 1,050 shares during the period. Cullen Frost Bankers Inc. increased its stake 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 valued at $42,000 after buying an additional 583 shares during the last quarter. State of Wyoming increased its stake in Blue Owl Capital by 27.1% in the 4th 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 last quarter. Allworth Financial LP increased its stake in Blue Owl Capital by 70.5% in the 1st quarter. Allworth Financial LP now owns 2,414 shares of the company's stock valued at $45,000 after buying an additional 998 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake 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 valued at $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.

Blue Owl Capital Stock Performance

Shares of OWL stock traded up $0.72 during midday trading on Friday, hitting $19.66. 8,845,650 shares of the company were exchanged, compared to its average volume of 7,811,851. The firm has a market capitalization of $30.23 billion, a P/E ratio of 218.47, a PEG ratio of 1.28 and a beta of 1.16. The firm's 50 day moving average price is $19.32 and its two-hundred day moving average price is $20.02. Blue Owl Capital Inc. has a 52 week low of $14.55 and a 52 week high of $26.73.

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, hitting 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 net margin of 2.88% and a return on equity of 19.64%. Analysts expect that Blue Owl Capital Inc. will post 0.92 EPS 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. Shareholders 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 annualized dividend and a yield of 4.6%. Blue Owl Capital's payout ratio is 1,000.00%.

Analysts Set New Price Targets

OWL has been the topic of several recent research reports. Barclays lifted their price target on shares of Blue Owl Capital from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Oppenheimer lifted 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 note on Monday, July 14th. UBS Group lowered their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Cowen reiterated a "buy" rating on shares of Blue Owl Capital in a research note on Monday. Finally, Raymond James Financial started coverage on shares of Blue Owl Capital in a research note on Monday, July 28th. They issued a "market perform" rating on the stock. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

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.