William Blair Investment Management LLC Takes $113.78 Million Position in Blue Owl Capital Inc. $OWL

William Blair Investment Management LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,615,956 shares of the company’s stock, valued at approximately $113,782,000. William Blair Investment Management LLC owned 0.49% of Blue Owl Capital at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in shares of Blue Owl Capital by 117.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,608 shares of the company’s stock valued at $27,000 after buying an additional 867 shares during the period. Roxbury Financial LLC lifted its holdings in shares of Blue Owl Capital by 383.6% during the 4th quarter. Roxbury Financial LLC now owns 1,765 shares of the company’s stock valued at $26,000 after buying an additional 1,400 shares during the period. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after buying an additional 910 shares during the period. Headlands Technologies LLC bought a new position in Blue Owl Capital in the 2nd quarter worth $51,000. Finally, Activest Wealth Management bought a new position in Blue Owl Capital in the 3rd quarter worth $50,000. 35.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OWL shares. BMO Capital Markets decreased their price target on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Oppenheimer decreased their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Piper Sandler decreased their price target on Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Evercore set a $14.00 price target on Blue Owl Capital in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lowered Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $10.00 in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Stock Down 1.2%

Shares of Blue Owl Capital stock opened at $10.07 on Friday. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 83.95, a PEG ratio of 1.06 and a beta of 1.19. The business has a 50-day moving average price of $9.30 and a 200-day moving average price of $12.40. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $21.08.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to analyst estimates 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 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th will be given a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a yield of 9.1%. The ex-dividend date is Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

About Blue Owl Capital

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.