791,762 Shares in Blue Owl Capital Inc. $OWL Acquired by OCO Capital Partners L.P.

OCO Capital Partners L.P. acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 791,762 shares of the company’s stock, valued at approximately $11,829,000. Blue Owl Capital accounts for about 2.3% of OCO Capital Partners L.P.’s portfolio, making the stock its 4th largest position.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Blue Owl Capital in the fourth 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 boosted its position in shares of Blue Owl Capital by 121.9% in 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 grew its stake in Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Blue Owl Capital by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after acquiring an additional 4,968,526 shares during the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OWL shares. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $10.00 in a research report on Tuesday, February 24th. Oppenheimer dropped their price objective 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 reduced their target price 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. TD Cowen reiterated a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Finally, Piper Sandler dropped their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company 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 assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.04.

Blue Owl Capital Trading Up 2.2%

NYSE:OWL opened at $9.83 on Wednesday. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $21.08. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 81.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company’s 50-day moving average is $9.63 and its two-hundred day moving average is $11.81.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million during 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%. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share 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 represents a $0.92 annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is presently 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.