Campbell & CO Investment Adviser LLC Makes New $963,000 Investment in Blue Owl Capital Inc. $OWL

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,123 shares of the company’s stock, valued at approximately $963,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Blue Owl Capital by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 60,412,887 shares of the company’s stock valued at $1,210,674,000 after purchasing an additional 7,206,495 shares in the last quarter. Ceredex Value Advisors LLC increased its position in shares of Blue Owl Capital by 167.1% during the first quarter. Ceredex Value Advisors LLC now owns 3,259,655 shares of the company’s stock worth $65,323,000 after acquiring an additional 2,039,355 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Blue Owl Capital in the 1st quarter worth about $38,810,000. HMI Capital Management L.P. bought a new position in Blue Owl Capital in the 1st quarter valued at about $30,343,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Blue Owl Capital by 513.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,576,490 shares of the company’s stock valued at $30,284,000 after purchasing an additional 1,319,350 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Barclays dropped their target price on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Oppenheimer set a $25.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, October 8th. Finally, Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Blue Owl Capital Trading Down 0.0%

Shares of NYSE OWL opened at $15.08 on Thursday. The stock has a fifty day simple moving average of $16.91 and a two-hundred day simple moving average of $18.33. Blue Owl Capital Inc. has a 1-year low of $14.52 and a 1-year high of $26.73. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 251.36, a price-to-earnings-growth ratio of 1.12 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $727.99 million for the quarter, compared to analyst estimates of $685.95 million. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%. Analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.90 annualized dividend and a yield of 6.0%. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

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.