Capital World Investors Grows Stock Position in Blue Owl Capital Inc. $OWL

Capital World Investors grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,245,690 shares of the company’s stock after acquiring an additional 5,029,134 shares during the quarter. Capital World Investors owned about 5.79% of Blue Owl Capital worth $1,348,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OWL. Roxbury Financial LLC lifted its position in shares of Blue Owl Capital by 383.6% in 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 in the last quarter. Halbert Hargrove Global Advisors LLC lifted its position in shares of Blue Owl Capital by 83.5% in 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 in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $41,000. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at approximately $51,000. Finally, Western Pacific Wealth Management LP purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Citizens Jmp reduced their price objective on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Piper Sandler reduced their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft downgraded Blue Owl Capital from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Trading Up 0.1%

Shares of NYSE OWL opened at $9.81 on Monday. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08. The stock has a fifty day simple moving average of $9.52 and a 200-day simple moving average of $12.03. The stock has a market capitalization of $15.24 billion, a PE ratio of 81.71, a PEG ratio of 1.03 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 analysts’ consensus estimates of $0.19. The firm 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%. On average, equities analysts predict 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. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

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.