SCS Capital Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 524,822 shares of the company’s stock, valued at approximately $5,868,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. Norges Bank bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $140,643,000. William Blair Investment Management LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $113,782,000. Boston Partners raised its stake in shares of Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock valued at $205,493,000 after purchasing an additional 6,677,610 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Blue Owl Capital in the second quarter valued at $54,883,000. Finally, Renaissance Technologies LLC lifted its position in Blue Owl Capital by 2,107.1% in the first quarter. Renaissance Technologies LLC now owns 6,065,200 shares of the company’s stock worth $55,375,000 after purchasing an additional 5,790,400 shares during the period. 35.85% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on OWL shares. The Goldman Sachs Group lifted their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Citizens Jmp dropped their price objective on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. BMO Capital Markets raised their price objective on shares of Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.44.
Blue Owl Capital Trading Up 0.0%
NYSE:OWL opened at $12.22 on Monday. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $19.84. The firm has a 50 day moving average of $9.86 and a 200-day moving average of $10.09. The stock has a market capitalization of $19.05 billion, a P/E ratio of 101.85, a price-to-earnings-growth ratio of 1.36 and a beta of 1.19.
Blue Owl Capital (NYSE:OWL – Get Free Report) last announced its earnings results on Thursday, July 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 23.14% and a net margin of 2.71%.The business had revenue of $693.56 million for the quarter, compared to the consensus estimate of $693.15 million. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.5%. Blue Owl Capital’s payout ratio is currently 766.67%.
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.
Further Reading
- Five stocks we like better than Blue Owl Capital
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Blue Owl Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Owl Capital and related companies with MarketBeat.com's FREE daily email newsletter.
