DNB Asset Management AS Has $7.69 Million Stock Position in Blue Owl Capital Inc. $OWL

DNB Asset Management AS increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 7.2% during the second quarter, Holdings Channel reports. The fund owned 400,235 shares of the company’s stock after acquiring an additional 26,969 shares during the quarter. DNB Asset Management AS’s holdings in Blue Owl Capital were worth $7,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OWL. Banque Transatlantique SA purchased a new position in Blue Owl Capital during the 1st quarter worth approximately $31,000. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth $38,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Blue Owl Capital by 58.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after buying an additional 916 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Blue Owl Capital during the first quarter valued at $50,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in Blue Owl Capital in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OWL opened at $14.03 on Friday. The firm has a market cap of $21.88 billion, a PE ratio of 233.87, a PEG ratio of 1.06 and a beta of 1.12. The firm’s 50 day moving average price is $16.33 and its 200 day moving average price is $18.12. Blue Owl Capital Inc. has a twelve month low of $13.25 and a twelve month high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its earnings results on Thursday, October 30th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The company had revenue of $687.00 million during the quarter, compared to the consensus estimate of $685.95 million. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Monday, November 10th will be issued a $0.225 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.90 dividend on an annualized basis and a yield of 6.4%. Blue Owl Capital’s dividend payout ratio is currently 1,500.00%.

Wall Street Analyst Weigh In

OWL has been the topic of several research analyst reports. Piper Sandler lowered their target price on Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Oppenheimer set a $25.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Blue Owl Capital from $21.50 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Cowen reiterated a “buy” rating on shares of Blue Owl Capital in a research report on Monday, August 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Blue Owl Capital Company Profile

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.