SummitTX Capital L.P. raised its stake in Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 162.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 124,874 shares of the company’s stock after acquiring an additional 77,263 shares during the period. SummitTX Capital L.P.’s holdings in Blue Owl Capital were worth $1,140,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of OWL. Capital World Investors grew its position in shares of Blue Owl Capital by 5.9% during the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its stake in Blue Owl Capital by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after buying an additional 691,980 shares during the last quarter. Capital International Investors boosted its stake in Blue Owl Capital by 4.3% during the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after buying an additional 2,676,281 shares during the last quarter. Bank of America Corp DE grew its holdings in Blue Owl Capital by 8.4% during the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after buying an additional 1,751,024 shares in the last quarter. Finally, Boston Partners grew its holdings in Blue Owl Capital by 16.2% during the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.
Blue Owl Capital Stock Performance
Shares of NYSE OWL opened at $9.56 on Thursday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $20.58. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 79.67, a PEG ratio of 1.06 and a beta of 1.22. The business’s 50 day moving average price is $9.50 and its 200-day moving average price is $10.43.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on OWL shares. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Capital One Financial set a $11.00 target price on shares of Blue Owl Capital in a report on Monday, July 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Oppenheimer decreased their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Piper Sandler lowered their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.16.
View Our Latest Research Report on OWL
Blue Owl Capital Profile
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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