Uptick Partners LLC Takes $892,000 Position in Blue Owl Capital Inc. $OWL

Uptick Partners LLC purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 82,092 shares of the company’s stock, valued at approximately $892,000.

Several other hedge funds have also recently bought and sold shares of OWL. Arax Advisory Partners purchased a new position in Blue Owl Capital during the 4th quarter valued at about $25,000. Toronto Dominion Bank purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $26,000. Lavaca Capital LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $28,000. Essential Partners LLC boosted its holdings in shares of Blue Owl Capital by 739.7% during the first quarter. Essential Partners LLC now owns 3,216 shares of the company’s stock worth $29,000 after purchasing an additional 2,833 shares during the period. Finally, CX Institutional grew its position in Blue Owl Capital by 881.5% during the second quarter. CX Institutional now owns 3,396 shares of the company’s stock valued at $30,000 after purchasing an additional 3,050 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their price objective 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, July 31st. UBS Group reissued a “neutral” rating and set a $9.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 11th. Credit Suisse Group set a $9.10 price target on shares of Blue Owl Capital in a report on Thursday, July 2nd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research note on Monday, July 20th. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.44.

Blue Owl Capital Stock Performance

Shares of OWL opened at $11.78 on Thursday. The firm has a market cap of $18.37 billion, a PE ratio of 98.20, a PEG ratio of 1.29 and a beta of 1.19. The firm’s 50 day moving average price is $9.99 and its 200 day moving average price is $10.04. Blue Owl Capital Inc. has a twelve month low of $7.95 and a twelve month high of $19.29.

Blue Owl Capital (NYSE:OWL) last posted 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. The firm had revenue of $693.56 million during the quarter, compared to analysts’ expectations of $693.15 million. Blue Owl Capital had a net margin of 2.71% and a return on equity of 23.14%. On average, sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.88 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 Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend 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 presently 766.67%.

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.