M&G PLC Has $26.10 Million Stock Position in Blue Owl Capital Inc. $OWL

M&G PLC lifted its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,535,360 shares of the company’s stock after purchasing an additional 185,609 shares during the period. M&G PLC owned 0.10% of Blue Owl Capital worth $26,101,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Blue Owl Capital during the 2nd quarter worth about $183,294,000. Vanguard Group Inc. raised its position in shares of Blue Owl Capital by 7.9% during the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after acquiring an additional 4,968,526 shares during the last quarter. HMI Capital Management L.P. lifted its stake in shares of Blue Owl Capital by 276.8% in the second quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock worth $109,583,000 after acquiring an additional 4,190,380 shares during the period. Qube Research & Technologies Ltd boosted its holdings in Blue Owl Capital by 587.0% in the second quarter. Qube Research & Technologies Ltd now owns 3,033,874 shares of the company’s stock valued at $58,281,000 after acquiring an additional 2,592,231 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Blue Owl Capital by 121.5% in the second quarter. Marshall Wace LLP now owns 4,178,531 shares of the company’s stock valued at $80,270,000 after acquiring an additional 2,291,994 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas I. Ostrover bought 139,327 shares of Blue Owl Capital stock in a transaction dated Tuesday, December 2nd. The stock was purchased at an average price of $15.06 per share, for a total transaction of $2,098,264.62. Following the purchase, the chief executive officer directly owned 158,000 shares in the company, valued at $2,379,480. The trade was a 746.14% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marc S. Lipschultz purchased 69,663 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $15.06 per share, for a total transaction of $1,049,124.78. Following the completion of the transaction, the chief executive officer directly owned 79,000 shares of the company’s stock, valued at $1,189,740. This represents a 746.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 395,670 shares of company stock valued at $5,952,393. Company insiders own 27.44% of the company’s stock.

Blue Owl Capital Stock Down 1.5%

Shares of NYSE:OWL opened at $12.31 on Monday. Blue Owl Capital Inc. has a twelve month low of $10.88 and a twelve month high of $24.28. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $16.29. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 123.08, a PEG ratio of 0.98 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.70%. The business had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. Equities research analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 7.3%. Blue Owl Capital’s payout ratio is 900.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OWL. UBS Group dropped their price target on shares of Blue Owl Capital from $18.00 to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Oppenheimer lowered their target price on Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wolfe Research set a $20.00 price target on Blue Owl Capital in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group reduced their price objective on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.22.

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.