475,181 Shares in Blue Owl Capital Inc. $OWL Purchased by Ieq Capital LLC

Ieq Capital LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 475,181 shares of the company’s stock, valued at approximately $5,165,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. VestGen Advisors LLC raised its holdings in shares of Blue Owl Capital by 5.4% in the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after buying an additional 912 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Blue Owl Capital by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after buying an additional 1,182 shares in the last quarter. Deutsche Bank AG boosted its stake in Blue Owl Capital by 1.6% in the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock valued at $1,165,000 after buying an additional 1,222 shares in the last quarter. Utah Retirement Systems grew its position in Blue Owl Capital by 4.4% in the fourth quarter. Utah Retirement Systems now owns 33,675 shares of the company’s stock valued at $503,000 after acquiring an additional 1,429 shares during the period. Finally, Swiss Life Asset Management Ltd grew its position in Blue Owl Capital by 5.6% in the fourth quarter. Swiss Life Asset Management Ltd now owns 28,186 shares of the company’s stock valued at $421,000 after acquiring an additional 1,499 shares during the period. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OWL has been the subject of a number of analyst reports. UBS Group reissued a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 11th. Barclays increased their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Oppenheimer cut their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Credit Suisse Group set a $9.10 price target on shares of Blue Owl Capital in a research report on Thursday, July 2nd. Finally, Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.44.

Blue Owl Capital Price Performance

Shares of NYSE OWL opened at $11.66 on Monday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.29. The firm has a market capitalization of $18.18 billion, a P/E ratio of 97.17, a P/E/G ratio of 1.28 and a beta of 1.19. The company’s 50 day simple moving average is $10.07 and its 200 day simple moving average is $10.01.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The business had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

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.