119,875 Shares in Blue Owl Capital Inc. $OWL Acquired by Munro Partners

Munro Partners bought a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the second quarter, Holdings Channel.com reports. The fund bought 119,875 shares of the company’s stock, valued at approximately $2,303,000.

Several other institutional investors have also recently made changes to their positions in OWL. Chicago Partners Investment Group LLC increased its stake in Blue Owl Capital by 8.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 601,768 shares of the company’s stock worth $12,288,000 after acquiring an additional 45,261 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Blue Owl Capital by 17.3% during the second quarter. Public Employees Retirement System of Ohio now owns 189,397 shares of the company’s stock worth $3,638,000 after purchasing an additional 27,995 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Blue Owl Capital by 4.0% in the second quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after purchasing an additional 36,784 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Blue Owl Capital by 14.6% in the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after purchasing an additional 1,313,108 shares during the last quarter. Finally, Advent International L.P. raised its stake in Blue Owl Capital by 14.2% in the first quarter. Advent International L.P. now owns 4,600,905 shares of the company’s stock valued at $92,202,000 after purchasing an additional 570,905 shares in the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on OWL. Evercore ISI cut their price target on shares of Blue Owl Capital from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Barclays dropped their price objective on shares of Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Piper Sandler lowered their price target on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.50.

Insider Buying and Selling

In other news, CEO Marc S. Lipschultz bought 69,663 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $15.06 per share, for a total transaction of $1,049,124.78. Following the completion of the acquisition, the chief executive officer owned 79,000 shares of the company’s stock, valued at approximately $1,189,740. This trade represents a 746.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Craig Packer bought 110,227 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $15.06 per share, for a total transaction of $1,660,018.62. Following the completion of the purchase, the insider owned 94,000 shares of the company’s stock, valued at $1,415,640. This trade represents a -679.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 395,670 shares of company stock valued at $5,952,393 over the last quarter. Company insiders own 27.20% of the company’s stock.

Blue Owl Capital Stock Performance

OWL stock opened at $15.64 on Friday. The firm has a market cap of $24.39 billion, a P/E ratio of 260.71, a P/E/G ratio of 1.35 and a beta of 1.13. The firm’s fifty day moving average is $15.64 and its 200 day moving average is $17.76. Blue Owl Capital Inc. has a 52 week low of $13.25 and a 52 week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The business had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. As a group, analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Monday, November 10th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, November 10th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 1,500.00%.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.