GW&K Investment Management LLC Has $27.62 Million Stake in Blue Owl Capital Inc. $OWL

GW&K Investment Management LLC raised its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 22.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,848,447 shares of the company’s stock after buying an additional 340,666 shares during the quarter. GW&K Investment Management LLC’s holdings in Blue Owl Capital were worth $27,616,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OWL. Capital World Investors raised its position in shares of Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after acquiring an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after purchasing an additional 691,980 shares in the last quarter. Capital International Investors grew its stake in Blue Owl Capital by 4.3% during the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after purchasing an additional 2,676,281 shares during the period. Bank of America Corp DE grew its stake in Blue Owl Capital by 8.4% during the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after purchasing an additional 1,751,024 shares during the period. Finally, Boston Partners increased its holdings in Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after purchasing an additional 6,677,610 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $9.45 on Thursday. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The firm has a 50-day moving average price of $9.56 and a two-hundred day moving average price of $11.94. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 78.73, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.7%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analyst Upgrades and Downgrades

OWL has been the topic of a number of research analyst reports. Citizens Jmp cut their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. UBS Group lifted their price objective on shares of Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. TD Cowen reiterated a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. The Goldman Sachs Group cut their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, Barclays raised their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.04.

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.