Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 56,904 Blue Owl Capital Inc. (NYSE:OWL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Blue Owl Capital Inc., purchasing 56,904 shares valued at approximately $1,140,000 during the first quarter.
• Blue Owl Capital reported earnings of $0.21 per share for the latest quarter, meeting analysts' expectations, with revenue reaching $703.11 million, exceeding predictions of $642.13 million.
• The company recently announced a quarterly dividend of $0.225, indicating a 4.8% yield based on the annualized dividend payout.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,904 shares of the company's stock, valued at approximately $1,140,000.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position 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 purchasing an additional 1,050 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of Blue Owl Capital by 39.1% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,075 shares of the company's stock worth $42,000 after acquiring an additional 583 shares during the period. Allworth Financial LP boosted its holdings in shares of Blue Owl Capital by 70.5% during 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 period. State of Wyoming boosted its holdings 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 purchasing an additional 503 shares during the period. Finally, Larson Financial Group LLC boosted its holdings 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 purchasing an additional 2,033 shares during the period. 35.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OWL shares. UBS Group cut their price target on shares of Blue Owl Capital from $26.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Oppenheimer increased 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 report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $20.00 to $21.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Citigroup dropped their price target on shares of Blue Owl Capital from $30.00 to $23.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Cowen reissued a "buy" rating on shares of Blue Owl Capital in a research report on Monday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $24.02.

Blue Owl Capital Stock Performance

OWL stock traded up $0.08 during mid-day trading on Wednesday, reaching $19.43. 1,970,230 shares of the stock traded hands, compared to its average volume of 7,797,951. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market capitalization of $29.87 billion, a PE ratio of 215.86, a PEG ratio of 1.27 and a beta of 1.16. The business has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $20.06.

Blue Owl Capital (NYSE:OWL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.21 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $642.13 million. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm 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. This represents a $0.90 annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, August 14th. Blue Owl Capital's dividend payout ratio is presently 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.