64,615 Shares in Blue Owl Capital Inc. $OWL Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 64,615 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Blue Owl Capital by 50.0% in the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the period. Russell Investments Group Ltd. grew its holdings in Blue Owl Capital by 4.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock valued at $849,000 after buying an additional 1,703 shares during the last quarter. Jump Financial LLC acquired a new stake in Blue Owl Capital in the 2nd quarter valued at approximately $238,000. California Public Employees Retirement System increased its position in Blue Owl Capital by 28.2% in the 2nd quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after buying an additional 172,982 shares during the period. Finally, State Street Corp increased its position in Blue Owl Capital by 10.6% in the 2nd quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after buying an additional 950,700 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Oppenheimer reduced their price objective on Blue Owl Capital from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Capital One Financial set a $12.00 target price on shares of Blue Owl Capital in a research note on Monday, August 3rd. Barclays increased their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. 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 company has an average rating of “Moderate Buy” and an average price target of $13.44.

Blue Owl Capital Trading Up 0.3%

Shares of OWL stock opened at $11.82 on Thursday. The stock has a 50 day moving average of $10.19 and a two-hundred day moving average of $10.01. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $19.29. The company has a market capitalization of $18.43 billion, a P/E ratio of 98.51, a P/E/G ratio of 1.30 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 dividend on an annualized basis and a yield of 7.8%. 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.