Odyssean LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 307,109 shares of the company’s stock, valued at approximately $2,687,000.
Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after buying an additional 132,637 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Blue Owl Capital by 4.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after buying an additional 1,703 shares in the last quarter. Jump Financial LLC bought a new stake in Blue Owl Capital in the second quarter valued at $238,000. California Public Employees Retirement System grew its position in Blue Owl Capital by 28.2% in the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock valued at $15,123,000 after acquiring an additional 172,982 shares during the period. Finally, State Street Corp grew its position in Blue Owl Capital by 10.6% in the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock valued at $189,806,000 after acquiring an additional 950,700 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
OWL has been the subject of a number of analyst reports. Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Capital One Financial set a $12.00 target price on shares of Blue Owl Capital in a report on Monday, August 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.44.
Blue Owl Capital Stock Performance
NYSE:OWL opened at $11.80 on Wednesday. The stock’s fifty day moving average price is $10.15 and its two-hundred day moving average price is $10.01. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $19.29. The company has a market cap of $18.40 billion, a price-to-earnings ratio of 98.37, a P/E/G ratio of 1.29 and a beta of 1.19.
Blue Owl Capital (NYSE:OWL – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.
Blue Owl Capital Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.23 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.8%. Blue Owl Capital’s dividend payout ratio (DPR) 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.
Featured Articles
- Five stocks we like better than Blue Owl Capital
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding OWL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Inc. (NYSE:OWL – Free Report).
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.
