Capital International Investors Acquires 2,676,281 Shares of Blue Owl Capital Inc. $OWL

Capital International Investors raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,402,615 shares of the company’s stock after purchasing an additional 2,676,281 shares during the quarter. Capital International Investors’ holdings in Blue Owl Capital were worth $977,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC increased its stake in Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after purchasing an additional 1,400 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its stake 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 valued at $30,000 after purchasing an additional 910 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $41,000. Headlands Technologies LLC bought a new stake in Blue Owl Capital during the 2nd quarter valued at $51,000. Finally, Western Pacific Wealth Management LP bought a new stake in Blue Owl Capital during the 4th quarter valued at $58,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

OWL opened at $9.81 on Monday. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 81.71, a P/E/G ratio of 1.03 and a beta of 1.20. The firm’s fifty day moving average price is $9.52 and its two-hundred day moving average price is $12.03. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08.

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 firm had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The company 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 dividend on an annualized basis and a yield of 9.4%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is presently 766.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler decreased their price target on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Oppenheimer decreased their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. BMO Capital Markets decreased 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 research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. Finally, UBS Group boosted their price target on shares of Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.