Ardsley Advisory Partners LP Makes New Investment in Blue Owl Capital Inc. $OWL

Ardsley Advisory Partners LP bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 325,000 shares of the company’s stock, valued at approximately $4,856,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arax Advisory Partners acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $25,000. Roxbury Financial LLC grew its position in Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock worth $26,000 after purchasing an additional 1,400 shares during the last quarter. Lavaca Capital LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC grew its position in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $41,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OWL. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. UBS Group restated a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. BMO Capital Markets lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. One investment 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 stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Trading Down 3.7%

NYSE OWL opened at $9.48 on Thursday. The company’s fifty day simple moving average is $9.66 and its 200-day simple moving average is $11.77. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The stock has a market cap of $14.73 billion, a P/E ratio of 78.97, a PEG ratio of 1.04 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting 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 business had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. On average, research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 9.7%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

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.