Border to Coast Pensions Partnership Ltd Acquires 100,000 Shares of Blue Owl Capital Inc. $OWL

Border to Coast Pensions Partnership Ltd raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 900,000 shares of the company’s stock after acquiring an additional 100,000 shares during the period. Border to Coast Pensions Partnership Ltd owned about 0.06% of Blue Owl Capital worth $8,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OWL. Kingswood Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 1.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after purchasing an additional 909 shares in the last quarter. Halbert Hargrove Global Advisors LLC grew its position in shares of Blue Owl Capital by 83.5% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares during the period. VestGen Advisors LLC increased its stake in Blue Owl Capital by 5.4% during the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after purchasing an additional 912 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Blue Owl Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock worth $3,227,000 after purchasing an additional 1,182 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Blue Owl Capital by 2.4% during the 3rd quarter. TD Asset Management Inc now owns 52,020 shares of the company’s stock worth $881,000 after buying an additional 1,220 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on OWL. JPMorgan Chase & Co. cut their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. The Goldman Sachs Group lowered their price objective on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. TD Cowen restated a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a report on Monday, May 18th. 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 research report on Tuesday, April 7th. Finally, BMO Capital Markets reduced their target price on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Stock Up 1.1%

OWL stock opened at $8.58 on Friday. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 71.47, a P/E/G ratio of 0.90 and a beta of 1.20. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08. The business has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $11.48.

Blue Owl Capital (NYSE:OWL) last announced 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 company had revenue of $699.88 million for the quarter, compared to analysts’ expectations 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 research analysts anticipate 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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 10.7%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is currently 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.