Magnetar Financial LLC Acquires New Shares in Blue Owl Capital Inc. $OWL

Magnetar Financial LLC bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,642 shares of the company’s stock, valued at approximately $627,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Blue Owl Capital by 3.1% during the first quarter. Private Advisor Group LLC now owns 43,830 shares of the company’s stock valued at $878,000 after buying an additional 1,314 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Blue Owl Capital during the 1st quarter valued at about $389,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $219,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $1,140,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Blue Owl Capital in the first quarter worth approximately $226,000. Institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

OWL has been the topic of several research reports. The Goldman Sachs Group dropped their target price on shares of Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Evercore ISI dropped their price target on Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Friday, October 31st. Oppenheimer set a $25.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a research report on Friday, October 31st. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Blue Owl Capital Stock Performance

NYSE OWL opened at $14.17 on Tuesday. The business’s fifty day moving average is $16.24 and its 200 day moving average is $18.09. Blue Owl Capital Inc. has a fifty-two week low of $13.25 and a fifty-two week high of $26.73. The company has a market capitalization of $22.10 billion, a PE ratio of 236.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.12.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 20.05% and a net margin of 1.89%.The firm had revenue of $687.00 million for the quarter, compared to the consensus estimate of $685.95 million. On average, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were paid a dividend of $0.225 per share. The ex-dividend date was Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 6.4%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 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.