Blue Owl Capital Inc. $OWL Shares Bought by Partners Group Holding AG

Partners Group Holding AG lifted its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 8.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,940,155 shares of the company’s stock after purchasing an additional 149,292 shares during the quarter. Blue Owl Capital comprises approximately 1.8% of Partners Group Holding AG’s holdings, making the stock its 21st largest holding. Partners Group Holding AG’s holdings in Blue Owl Capital were worth $32,847,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in shares of Blue Owl Capital by 117.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock worth $27,000 after purchasing an additional 867 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $51,000. Activest Wealth Management acquired a new stake in shares of Blue Owl Capital during the third quarter worth $50,000. Creative Financial Designs Inc. ADV lifted its holdings in Blue Owl Capital by 6,504.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 3,236 shares of the company’s stock worth $62,000 after acquiring an additional 3,187 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Blue Owl Capital by 248.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,680 shares of the company’s stock valued at $90,000 after purchasing an additional 3,338 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Marc S. Lipschultz bought 69,663 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $15.06 per share, with a total value of $1,049,124.78. Following the acquisition, the chief executive officer owned 79,000 shares in the company, valued at $1,189,740. This trade represents a 746.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas I. Ostrover purchased 139,327 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were purchased at an average cost of $15.06 per share, with a total value of $2,098,264.62. Following the completion of the acquisition, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 395,670 shares of company stock valued at $5,952,393 in the last ninety days. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group reduced their price target on Blue Owl Capital from $16.50 to $12.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $10.00 in a research report on Tuesday. Oppenheimer lowered their price target on Blue Owl Capital from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. The Goldman Sachs Group cut their price objective on Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Finally, Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $18.69.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $11.34 on Thursday. The firm’s 50-day moving average is $14.13 and its 200-day moving average is $15.88. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 113.44, a PEG ratio of 0.86 and a beta of 1.11. Blue Owl Capital Inc. has a 52-week low of $10.08 and a 52-week high of $22.25.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%.The business had revenue of $701.47 million for the quarter, compared to the consensus estimate of $712.75 million. Equities analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 20th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.90 annualized dividend and a yield of 7.9%. Blue Owl Capital’s payout ratio is currently 900.00%.

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.