Blue Owl Capital Inc. $OWL Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in Blue Owl Capital Inc. (NYSE:OWL) by 2,667.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,432 shares of the company’s stock after acquiring an additional 291,504 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Blue Owl Capital were worth $5,810,000 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. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 13.5% during the first quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock worth $1,210,674,000 after buying an additional 7,206,495 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Blue Owl Capital by 4.6% during the first quarter. JPMorgan Chase & Co. now owns 9,671,728 shares of the company’s stock worth $193,821,000 after buying an additional 422,745 shares during the last quarter. Federated Hermes Inc. boosted its stake in Blue Owl Capital by 0.4% during the first quarter. Federated Hermes Inc. now owns 6,901,500 shares of the company’s stock worth $138,306,000 after buying an additional 24,800 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in Blue Owl Capital by 12.1% during the first quarter. Beck Mack & Oliver LLC now owns 6,777,668 shares of the company’s stock worth $135,824,000 after buying an additional 732,452 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in Blue Owl Capital by 1.4% during the first quarter. Cresset Asset Management LLC now owns 6,140,749 shares of the company’s stock worth $123,061,000 after buying an additional 87,684 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OWL shares. Oppenheimer lowered their price objective on Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. BMO Capital Markets started coverage on Blue Owl Capital in a research note on Friday, October 3rd. They set an “outperform” rating and a $18.00 price objective on the stock. Evercore ISI boosted their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Finally, Raymond James Financial initiated coverage on Blue Owl Capital in a research report on Monday, July 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

Blue Owl Capital Price Performance

OWL opened at $16.92 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $14.55 and a 12 month high of $26.73. The stock has a market capitalization of $26.21 billion, a price-to-earnings ratio of 187.97, a PEG ratio of 1.19 and a beta of 1.13. The business has a fifty day moving average price of $17.61 and a 200 day moving average price of $18.48.

Blue Owl Capital (NYSE:OWL) last released its 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 return on equity of 19.64% and a net margin of 2.88%.The firm had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. On average, research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.3%. Blue Owl Capital’s dividend payout ratio is 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.