Blue Owl Capital Inc. $OWL is Barton Investment Management’s 8th Largest Position

Barton Investment Management grew its position in Blue Owl Capital Inc. (NYSE:OWL) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,040,731 shares of the company’s stock after acquiring an additional 90,567 shares during the period. Blue Owl Capital comprises approximately 2.3% of Barton Investment Management’s investment portfolio, making the stock its 8th biggest position. Barton Investment Management’s holdings in Blue Owl Capital were worth $18,632,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $25,000. Toronto Dominion Bank acquired a new position in Blue Owl Capital during the fourth quarter worth $26,000. Roxbury Financial LLC lifted its holdings in Blue Owl Capital by 383.6% during the fourth 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. Lavaca Capital LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in shares of Blue Owl Capital by 83.5% in the fourth 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. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Trading Up 0.2%

Shares of NYSE OWL opened at $8.48 on Friday. The stock has a market cap of $13.19 billion, a PE ratio of 70.71, a P/E/G ratio of 0.89 and a beta of 1.20. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $21.08. The company has a 50-day moving average of $9.72 and a 200 day moving average of $11.50.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a yield of 10.8%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

Analyst Ratings Changes

Several research firms recently weighed in on OWL. UBS Group restated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. TD Cowen restated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. BMO Capital Markets lowered their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Finally, Oppenheimer reduced their price objective on 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. One investment 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 stock. According to MarketBeat.com, the stock 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.