Easterly Investment Partners LLC Takes Position in Blue Owl Capital Inc. $OWL

Easterly Investment Partners LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 206,673 shares of the company’s stock, valued at approximately $3,088,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC boosted its holdings in shares of Blue Owl Capital by 383.6% during the fourth quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after acquiring an additional 1,400 shares during the period. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares during the period. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the second quarter valued at $51,000. Western Pacific Wealth Management LP acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $58,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Blue Owl Capital by 360.2% during the fourth quarter. Clearstead Advisors LLC now owns 4,602 shares of the company’s stock valued at $69,000 after acquiring an additional 3,602 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Up 0.1%

OWL stock opened at $10.30 on Monday. The company has a market capitalization of $16.00 billion, a P/E ratio of 85.79, a PEG ratio of 1.08 and a beta of 1.20. The company has a 50-day simple moving average of $9.42 and a 200 day simple moving average of $12.19. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $699.88 million during the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 8.9%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Oppenheimer reduced their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 13th. The Goldman Sachs Group reduced their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. BMO Capital Markets reduced their price objective on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Finally, Evercore set a $14.00 price objective on shares of Blue Owl Capital in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average target price of $14.04.

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.