NewEdge Wealth LLC boosted its stake in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 136.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,702 shares of the company’s stock after buying an additional 62,162 shares during the period. NewEdge Wealth LLC’s holdings in Blue Owl Capital were worth $983,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $140,643,000. William Blair Investment Management LLC bought a new position in shares of Blue Owl Capital during the fourth quarter worth about $113,782,000. Boston Partners increased its holdings in shares of Blue Owl Capital by 121.9% in the 3rd quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after acquiring an additional 6,677,610 shares during the period. Capital World Investors increased its holdings in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after acquiring an additional 5,029,134 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Blue Owl Capital by 225.7% in the 4th quarter. Capital Research Global Investors now owns 4,299,836 shares of the company’s stock worth $64,240,000 after acquiring an additional 2,979,567 shares during the period. 35.85% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on OWL shares. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. TD Cowen restated a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. The Goldman Sachs Group cut their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Capital One Financial set a $11.00 price objective on Blue Owl Capital in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.16.
Blue Owl Capital Price Performance
OWL stock opened at $9.67 on Tuesday. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $20.58. The firm has a market cap of $15.04 billion, a PE ratio of 80.61, a P/E/G ratio of 1.02 and a beta of 1.22. The firm has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $10.51.
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.
About Blue Owl Capital
Blue Owl Capital is a global alternative asset manager that focuses on private credit, direct lending and equity-related strategies for institutional investors. Headquartered in New York, the firm develops and manages a range of private markets products designed to provide capital solutions to middle-market and larger corporate borrowers, as well as liquidity and partnership arrangements with private equity firms and other alternative managers.
Its core activities include direct lending and credit strategies that provide senior, unitranche and other structured loan products to companies across industries.
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