Blue Owl Capital Inc. $OWL Stake Raised by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,423,608 shares of the company’s stock after purchasing an additional 195,164 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Blue Owl Capital were worth $66,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OWL. Royal Bank of Canada raised its holdings in shares of Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after buying an additional 132,637 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Blue Owl Capital by 4.0% during the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after purchasing an additional 1,703 shares in the last quarter. Jump Financial LLC bought a new stake in Blue Owl Capital during the second quarter worth approximately $238,000. California Public Employees Retirement System raised its holdings in Blue Owl Capital by 28.2% during the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after purchasing an additional 172,982 shares in the last quarter. Finally, State Street Corp raised its holdings in Blue Owl Capital by 10.6% during the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after purchasing an additional 950,700 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Stock Down 3.8%

Blue Owl Capital stock opened at $9.81 on Friday. The company’s fifty day simple moving average is $9.52 and its 200-day simple moving average is $12.04. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The stock has a market cap of $15.24 billion, a P/E ratio of 81.71, a P/E/G ratio of 1.07 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The business had revenue of $699.88 million for the quarter, compared to analysts’ expectations of $687.23 million. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.4%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is presently 766.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OWL. Piper Sandler lowered their price target 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 target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. TD Cowen reissued a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research note on Monday, May 18th. UBS Group boosted their target price on shares of Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Barclays boosted their target price on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.04.

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.