GW&K Investment Management LLC Purchases 340,666 Shares of Blue Owl Capital Inc. $OWL

GW&K Investment Management LLC boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,848,447 shares of the company’s stock after acquiring an additional 340,666 shares during the quarter. GW&K Investment Management LLC owned 0.12% of Blue Owl Capital worth $27,616,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $140,643,000. William Blair Investment Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $113,782,000. Boston Partners raised its holdings in shares of Blue Owl Capital by 121.9% during the 3rd 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. Capital World Investors lifted its position in shares of Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock worth $1,348,272,000 after buying an additional 5,029,134 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Blue Owl Capital by 7.9% during the 3rd 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 during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 1.5%

Shares of OWL opened at $9.45 on Thursday. The stock’s 50-day moving average price is $9.56 and its two-hundred day moving average price is $11.94. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The company has a market capitalization of $14.69 billion, a PE ratio of 78.73, a PEG ratio of 1.01 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $699.88 million during 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%. Equities research analysts predict 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 given 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 9.7%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is currently 766.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OWL shares. Citizens Jmp decreased their target price on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $10.00 in a report on Tuesday, February 24th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. Finally, TD Cowen reissued a “buy” rating and issued a $14.00 price objective on shares of Blue Owl Capital in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company 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.