SummitTX Capital L.P. Acquires 77,263 Shares of Blue Owl Capital Inc. $OWL

SummitTX Capital L.P. grew its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 162.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,874 shares of the company’s stock after acquiring an additional 77,263 shares during the period. SummitTX Capital L.P.’s holdings in Blue Owl Capital were worth $1,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $25,000. Toronto Dominion Bank bought a new position in Blue Owl Capital in the 4th quarter worth $26,000. Lavaca Capital LLC bought a new position in Blue Owl Capital in the 4th quarter worth $28,000. Halbert Hargrove Global Advisors LLC lifted its position in Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 2.5%

Shares of Blue Owl Capital stock opened at $9.56 on Thursday. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 79.67, a PEG ratio of 1.06 and a beta of 1.22. The stock’s 50-day simple moving average is $9.50 and its 200-day simple moving average is $10.43. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $20.58.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

OWL has been the subject of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. Piper Sandler lowered their price objective on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. The Goldman Sachs Group cut their price objective on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. TD Cowen reissued a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Finally, Credit Suisse Group set a $9.10 target price on shares of Blue Owl Capital in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.16.

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.