Capital International Inc. CA Acquires 130,481 Shares of Blue Owl Capital Inc. $OWL

Capital International Inc. CA grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 247.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 183,198 shares of the company’s stock after buying an additional 130,481 shares during the period. Capital International Inc. CA’s holdings in Blue Owl Capital were worth $2,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OWL. Norges Bank purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $140,643,000. William Blair Investment Management LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $113,782,000. Boston Partners lifted its holdings in shares of Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after buying an additional 6,677,610 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Blue Owl Capital by 7.9% in the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after buying an additional 4,968,526 shares in the last quarter. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Blue Owl Capital in the third quarter worth about $65,174,000. Institutional investors own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OWL shares. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a report on Thursday, February 19th. Citizens Jmp lowered their price target on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. BMO Capital Markets decreased 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 research report on Tuesday, March 24th. Finally, Piper Sandler decreased 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. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Trading Down 3.7%

OWL stock opened at $9.44 on Tuesday. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 78.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20. The company’s 50 day moving average is $9.53 and its 200 day moving average is $12.00. 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 issued its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $699.88 million during the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, sell-side analysts forecast that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 9.8%. 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.