Border to Coast Pensions Partnership Ltd Acquires 100,000 Shares of Blue Owl Capital Inc. $OWL

Border to Coast Pensions Partnership Ltd grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 900,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Blue Owl Capital were worth $8,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Blue Owl Capital by 50.0% in the 1st quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after acquiring an additional 132,637 shares during the period. Russell Investments Group Ltd. lifted its holdings in Blue Owl Capital by 4.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after purchasing an additional 1,703 shares during the last quarter. Jump Financial LLC bought a new position in Blue Owl Capital during the second quarter worth $238,000. California Public Employees Retirement System increased its holdings in shares of Blue Owl Capital by 28.2% in the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock valued at $15,123,000 after purchasing an additional 172,982 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Blue Owl Capital by 10.6% in the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock valued at $189,806,000 after purchasing an additional 950,700 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $8.58 on Friday. The stock’s fifty day moving average price is $9.70 and its two-hundred day moving average price is $11.48. Blue Owl Capital Inc. has a one year low of $7.95 and a one year high of $21.08. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 71.47, a P/E/G ratio of 0.90 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%.The firm had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. On average, equities analysts anticipate that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 10.7%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio is currently 766.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on OWL shares. Barclays increased their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group decreased their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Finally, Piper Sandler cut their price objective on shares of 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 equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Company Profile

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.