Capital International Investors Increases Stock Holdings in Blue Owl Capital Inc. $OWL

Capital International Investors increased its position in Blue Owl Capital Inc. (NYSE:OWL) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,726,334 shares of the company’s stock after acquiring an additional 2,141,873 shares during the quarter. Capital International Investors’ holdings in Blue Owl Capital were worth $1,061,999,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares in the last quarter. Vestmark Advisory Solutions Inc. bought a new position in shares of Blue Owl Capital in the second quarter worth $1,235,000. Wedbush Securities Inc. increased its holdings in shares of Blue Owl Capital by 6.7% in the second quarter. Wedbush Securities Inc. now owns 69,573 shares of the company’s stock worth $1,336,000 after purchasing an additional 4,361 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Blue Owl Capital in the second quarter worth $963,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Blue Owl Capital in the second quarter worth $276,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on OWL shares. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Blue Owl Capital in a report on Wednesday, January 21st. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a report on Wednesday, January 14th. Oppenheimer decreased their price objective on shares of Blue Owl Capital from $24.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.00.

Blue Owl Capital Stock Down 0.8%

NYSE OWL opened at $9.82 on Tuesday. The stock’s 50-day simple moving average is $13.32 and its two-hundred day simple moving average is $15.35. Blue Owl Capital Inc. has a twelve month low of $9.54 and a twelve month high of $21.88. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 98.16, a PEG ratio of 0.82 and a beta of 1.15.

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

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were paid a $0.225 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.90 annualized dividend and a yield of 9.2%. Blue Owl Capital’s dividend payout ratio is currently 900.00%.

Blue Owl Capital 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.