Partners Group Holding AG Acquires 117,149 Shares of Blue Owl Capital Inc. $OWL

Key Points

• Partners Group Holding AG has increased its stake in Blue Owl Capital Inc. by 15%, acquiring an additional 117,149 shares for a total of 898,281 shares worth approximately $18 million.
• Blue Owl Capital recently reported $703.11 million in revenue for the last quarter, exceeding analysts' expectations of $642.13 million, with earnings per share meeting estimates at $0.21.
• The company plans to pay a quarterly $0.225 dividend on August 28th, representing a 4.7% yield and a payout ratio of 1,000%.

Partners Group Holding AG boosted its position in Blue Owl Capital Inc. (NYSE:OWL - Free Report) by 15.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 898,281 shares of the company's stock after buying an additional 117,149 shares during the quarter. Partners Group Holding AG owned approximately 0.06% of Blue Owl Capital worth $18,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Blue Owl Capital by 380.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,326 shares of the company's stock valued at $27,000 after buying an additional 1,050 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings 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 purchasing an additional 583 shares during the period. Allworth Financial LP raised its position 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 in the last quarter. State of Wyoming boosted its stake in Blue Owl Capital by 27.1% during the fourth 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 period. Finally, Larson Financial Group LLC grew its position in Blue Owl Capital by 205.6% during 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 in the last quarter. Hedge funds and other institutional investors own 35.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OWL shares. Piper Sandler boosted their price target 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. UBS Group reduced their target price on 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. Barclays lifted their price target on Blue Owl Capital from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Finally, Evercore ISI upped their target price on Blue Owl Capital from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.02.

Blue Owl Capital Trading Down 1.3%

NYSE OWL traded down $0.2480 on Wednesday, hitting $18.5820. The company's stock had a trading volume of 4,025,500 shares, compared to its average volume of 7,784,840. Blue Owl Capital Inc. has a 52-week low of $14.55 and a 52-week high of $26.73. The firm has a market cap of $28.79 billion, a P/E ratio of 206.49, a PEG ratio of 1.25 and a beta of 1.16. The company's 50-day simple moving average is $19.42 and its 200 day simple moving average is $19.64.

Blue Owl Capital (NYSE:OWL - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $642.13 million. Blue Owl Capital had a net margin of 2.88% and a return on equity of 19.64%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.225 per share. 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 1,000.00%.

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.