Ieq Capital LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 475,181 shares of the company’s stock, valued at approximately $5,165,000.
Several other hedge funds have also added to or reduced their stakes in the business. Arax Advisory Partners bought a new position in Blue Owl Capital during the fourth quarter worth about $25,000. Toronto Dominion Bank bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $26,000. Lavaca Capital LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $28,000. Essential Partners LLC raised its position in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the period. Finally, CX Institutional raised its position in shares of Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company’s stock worth $30,000 after purchasing an additional 3,050 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.
Blue Owl Capital Stock Down 0.1%
NYSE OWL opened at $11.66 on Monday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $19.29. The company has a market capitalization of $18.18 billion, a PE ratio of 97.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The firm’s 50 day moving average is $10.07 and its 200-day moving average is $10.01.
Blue Owl Capital Announces Dividend
The firm also recently declared 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. This represents a $0.92 annualized dividend and a yield of 7.9%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s payout ratio is presently 766.67%.
Analysts Set New Price Targets
OWL has been the subject of several research analyst reports. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. UBS Group reaffirmed a “neutral” rating and issued a $9.50 price objective on shares of Blue Owl Capital in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.44.
Read Our Latest Research Report on OWL
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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