GW&K Investment Management LLC Acquires 692,073 Shares of Blue Owl Capital Inc. $OWL

GW&K Investment Management LLC lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 84.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,507,781 shares of the company’s stock after acquiring an additional 692,073 shares during the period. GW&K Investment Management LLC’s holdings in Blue Owl Capital were worth $25,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake 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 buying an additional 4,968,526 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Blue Owl Capital by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after acquiring an additional 1,667,608 shares in the last quarter. Geode Capital Management LLC grew its position in Blue Owl Capital by 14.6% during the 2nd quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after acquiring an additional 1,313,108 shares during the last quarter. State Street Corp increased its holdings in Blue Owl Capital by 10.6% in the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after purchasing an additional 950,700 shares in the last quarter. Finally, Norges Bank acquired a new position in Blue Owl Capital in the 2nd quarter worth about $183,294,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the subject of several recent research reports. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a report on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Oppenheimer lowered their target price on Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Evercore set a $14.00 target price on Blue Owl Capital in a report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Blue Owl Capital Trading Up 0.8%

Blue Owl Capital stock opened at $10.42 on Friday. Blue Owl Capital Inc. has a 1-year low of $9.73 and a 1-year high of $21.88. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 104.21, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15. The firm’s fifty day moving average price is $13.53 and its two-hundred day moving average price is $15.52.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. On average, research analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend was Friday, February 20th. Blue Owl Capital’s dividend payout ratio is presently 900.00%.

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.