Div Capital Phoenix Assets Ltd Invests $792,000 in Blue Owl Capital Inc. $OWL

Div Capital Phoenix Assets Ltd purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 53,013 shares of the company’s stock, valued at approximately $792,000. Blue Owl Capital comprises 0.2% of Div Capital Phoenix Assets Ltd’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also modified their holdings of OWL. Royal Bank of Canada increased its stake in shares of Blue Owl Capital by 50.0% in the first 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 during the last quarter. Russell Investments Group Ltd. increased its position in Blue Owl Capital by 4.0% during the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after buying an additional 1,703 shares during the last quarter. Jump Financial LLC acquired a new position in Blue Owl Capital during the second quarter worth $238,000. California Public Employees Retirement System increased its position in Blue Owl Capital by 28.2% during the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after buying an additional 172,982 shares during the last quarter. Finally, State Street Corp increased its position in Blue Owl Capital by 10.6% during the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after buying an additional 950,700 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OWL stock opened at $9.71 on Friday. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The company has a 50-day moving average of $9.57 and a two-hundred day moving average of $11.91. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 80.94, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $687.23 million. Equities analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company 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 represents a $0.92 dividend on an annualized basis and a yield of 9.5%. This is a positive change 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 is currently 766.67%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. UBS Group reissued a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Barclays increased their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets lowered their target price on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price 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.