Atom Investors LP Acquires New Position in Blue Owl Capital Inc. $OWL

Atom Investors LP acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 447,272 shares of the company’s stock, valued at approximately $6,682,000.

Several other large investors have also bought and sold shares of OWL. Arax Advisory Partners acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $25,000. Roxbury Financial LLC lifted its holdings in 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 buying an additional 1,400 shares during the period. Lavaca Capital LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC lifted its holdings in 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 buying an additional 910 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $41,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $9.83 on Wednesday. The company has a market cap of $15.28 billion, a PE ratio of 81.88, a PEG ratio of 1.01 and a beta of 1.20. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08. The stock has a 50-day simple moving average of $9.63 and a 200 day simple moving average of $11.81.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 21.97% and a net margin of 2.96%. On average, research analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal 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 issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This is a boost 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 9.4%. Blue Owl Capital’s dividend payout ratio is 766.67%.

Analyst Ratings Changes

OWL has been the topic of several analyst reports. TD Cowen restated a “buy” rating and issued a $14.00 price objective on shares of Blue Owl Capital in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Piper Sandler cut their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. cut their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Finally, BMO Capital Markets cut their price objective on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. 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 stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average 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.