Denali Advisors LLC Acquires New Shares in Blue Owl Capital Inc. $OWL

Denali Advisors LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 429,166 shares of the company’s stock, valued at approximately $4,665,000.

A number of other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its holdings in Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after purchasing an additional 5,029,134 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after buying an additional 691,980 shares during the last quarter. Capital International Investors boosted its position in shares of Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after buying an additional 2,676,281 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after buying an additional 1,751,024 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock worth $211,270,000 after buying an additional 1,970,101 shares in the last quarter. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Capital One Financial set a $12.00 target price on shares of Blue Owl Capital in a report on Monday, August 3rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. The Goldman Sachs Group increased their price target on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research report on Monday, August 3rd. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Finally, Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Trading Up 1.7%

Blue Owl Capital stock opened at $11.78 on Thursday. The stock has a 50-day moving average price of $9.99 and a 200 day moving average price of $10.04. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29. The stock has a market cap of $18.37 billion, a PE ratio of 98.20, a P/E/G ratio of 1.29 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. On average, equities analysts predict that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s payout ratio is currently 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.