Blue Owl Capital Inc. $OWL is Explore Capital Management LLC’s 6th Largest Position

Explore Capital Management LLC trimmed its position in Blue Owl Capital Inc. (NYSE:OWL) by 29.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 621,318 shares of the company’s stock after selling 257,670 shares during the quarter. Blue Owl Capital makes up 7.7% of Explore Capital Management LLC’s investment portfolio, making the stock its 6th largest position. Explore Capital Management LLC’s holdings in Blue Owl Capital were worth $9,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OWL. Royal Bank of Canada raised its stake in Blue Owl Capital by 50.0% during the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after acquiring an additional 132,637 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Blue Owl Capital by 4.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after acquiring an additional 1,703 shares in the last quarter. Jump Financial LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $238,000. California Public Employees Retirement System raised its stake in Blue Owl Capital by 28.2% during the 2nd quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after acquiring an additional 172,982 shares in the last quarter. Finally, State Street Corp raised its stake in Blue Owl Capital by 10.6% during the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after acquiring an additional 950,700 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $10.20 on Friday. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08. The company has a market capitalization of $15.85 billion, a P/E ratio of 84.96, a PEG ratio of 1.02 and a beta of 1.20. The company’s fifty day moving average is $9.51 and its two-hundred day moving average is $12.06.

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

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.23 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.0%. Blue Owl Capital’s payout ratio is 766.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on OWL. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Tuesday, February 24th. Piper Sandler cut their price target on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Evercore set a $14.00 price target on shares of Blue Owl Capital in a research note on Friday, February 6th. UBS Group lifted their price target on shares of Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Barclays lifted 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 research note on Friday, May 1st. One 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, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $14.04.

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.