Capital World Investors grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL – Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,245,690 shares of the company’s stock after buying an additional 5,029,134 shares during the period. Capital World Investors owned 0.06% of Blue Owl Capital worth $1,348,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. Roxbury Financial LLC lifted its holdings in shares of Blue Owl Capital by 383.6% in the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares during the last quarter. Halbert Hargrove Global Advisors LLC increased its position in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares during the period. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $41,000. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $51,000. Finally, Western Pacific Wealth Management LP acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $58,000. 35.85% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Citizens Jmp dropped their target price on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Piper Sandler lowered their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Barclays upped their price target on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Finally, Oppenheimer lowered their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.04.
Blue Owl Capital Stock Performance
OWL stock opened at $9.81 on Monday. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08. The stock’s 50 day moving average price is $9.52 and its 200 day moving average price is $12.03. The firm has a market cap of $15.24 billion, a P/E ratio of 81.71, a PEG ratio of 1.03 and a beta of 1.20.
Blue Owl Capital (NYSE:OWL – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The company had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. On average, research analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.
Blue Owl Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is currently 766.67%.
Blue Owl Capital Company 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.
Featured Articles
- Five stocks we like better than Blue Owl Capital
- These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
- 3 Stocks Under $20 to Buy Before a Broader Market Rally
- Petco Faces Tough Competition, But Momentum Is Building
- The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It
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.
