R Squared Ltd Makes New Investment in Blue Owl Capital Inc. $OWL

R Squared Ltd purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 55,401 shares of the company’s stock, valued at approximately $506,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OWL. Arax Advisory Partners bought a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC lifted its position in 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 acquiring an additional 1,400 shares during the period. Toronto Dominion Bank bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth $28,000. Finally, Halbert Hargrove Global Advisors LLC increased its stake in 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 purchasing an additional 910 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OWL traded down $0.13 on Tuesday, reaching $9.36. The company’s stock had a trading volume of 5,030,027 shares, compared to its average volume of 28,042,588. The stock’s 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $11.14. The stock has a market capitalization of $14.55 billion, a P/E ratio of 77.79, a PEG ratio of 0.96 and a beta of 1.22. Blue Owl Capital Inc. has a 12-month low of $7.95 and a 12-month high of $21.08.

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

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a $0.23 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.8%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 766.67%.

Wall Street Analysts Forecast Growth

OWL has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. UBS Group reiterated a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Oppenheimer dropped their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Finally, BMO Capital Markets cut their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.71.

Blue Owl Capital 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.