Headlands Technologies LLC Has $626,000 Stake in Blue Owl Capital Inc. (NYSE:OWL)

Headlands Technologies LLC raised its stake in Blue Owl Capital Inc. (NYSE:OWL) by 5,772.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,179 shares of the company’s stock after buying an additional 32,614 shares during the quarter. Headlands Technologies LLC’s holdings in Blue Owl Capital were worth $626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 40,480,663 shares of the company’s stock valued at $603,162,000 after buying an additional 281,324 shares during the period. Capital International Investors lifted its stake in Blue Owl Capital by 12.0% in the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after buying an additional 3,565,657 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Blue Owl Capital by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,694 shares of the company’s stock valued at $53,948,000 after buying an additional 100,188 shares during the period. Balyasny Asset Management L.P. acquired a new position in Blue Owl Capital in the fourth quarter valued at about $46,030,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $48,517,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OWL shares. TD Cowen reaffirmed a “hold” rating and set a $19.00 price target (down previously from $21.50) on shares of Blue Owl Capital in a research report on Monday, July 8th. UBS Group dropped their price target on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $21.00 price target on shares of Blue Owl Capital in a research report on Monday, June 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 13th. Finally, Evercore ISI increased their price objective on Blue Owl Capital from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.81.

Blue Owl Capital Stock Up 2.5 %

Shares of NYSE OWL traded up $0.44 during midday trading on Tuesday, hitting $18.25. 2,711,564 shares of the company’s stock were exchanged, compared to its average volume of 5,107,918. Blue Owl Capital Inc. has a 12 month low of $10.64 and a 12 month high of $19.87. The company’s 50 day moving average price is $17.99 and its 200 day moving average price is $17.52. The firm has a market capitalization of $26.08 billion, a PE ratio of 152.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last issued its earnings results on Thursday, May 2nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The company had revenue of $486.55 million during the quarter, compared to the consensus estimate of $478.47 million. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.81 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Monday, May 20th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 600.00%.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.