Y Intercept Hong Kong Ltd Buys 291,504 Shares of Blue Owl Capital Inc. $OWL

Y Intercept Hong Kong Ltd grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 2,667.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,432 shares of the company’s stock after purchasing an additional 291,504 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Blue Owl Capital were worth $5,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MorganRosel Wealth Management LLC purchased a new stake in Blue Owl Capital in the second quarter worth $51,000. Envestnet Asset Management Inc. increased its stake in 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 period. Nisa Investment Advisors LLC increased its stake in Blue Owl Capital by 63.6% in the second quarter. Nisa Investment Advisors LLC now owns 9,326 shares of the company’s stock worth $179,000 after purchasing an additional 3,626 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Blue Owl Capital by 12.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 190,616 shares of the company’s stock worth $3,662,000 after purchasing an additional 20,771 shares during the period. Finally, Catalyst Capital Advisors LLC increased its stake in Blue Owl Capital by 225.9% in the second quarter. Catalyst Capital Advisors LLC now owns 27,459 shares of the company’s stock worth $527,000 after purchasing an additional 19,034 shares during the period. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $16.92 on Tuesday. The stock has a 50-day moving average of $17.61 and a two-hundred day moving average of $18.48. Blue Owl Capital Inc. has a one year low of $14.55 and a one year high of $26.73. The stock has a market cap of $26.21 billion, a PE ratio of 187.97, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Blue Owl Capital had a return on equity of 19.64% and a net margin of 2.88%.The firm had revenue of $703.11 million during the quarter, compared to analysts’ expectations of $642.13 million. As a group, sell-side analysts predict that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.3%. The ex-dividend date was Thursday, August 14th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 1,000.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on OWL. The Goldman Sachs Group dropped their price target on Blue Owl Capital from $21.50 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Oppenheimer dropped their price target on Blue Owl Capital from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Piper Sandler dropped 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, Evercore ISI increased their price target on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.38.

About Blue Owl Capital

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.