Easterly Investment Partners LLC Makes New $3.09 Million Investment in Blue Owl Capital Inc. $OWL

Easterly Investment Partners LLC purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 206,673 shares of the company’s stock, valued at approximately $3,088,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital World Investors raised its position in Blue Owl Capital by 1.4% in the third quarter. Capital World Investors now owns 85,216,556 shares of the company’s stock worth $1,442,725,000 after acquiring an additional 1,143,201 shares in the last quarter. Vanguard Group Inc. raised its position in Blue Owl Capital by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after acquiring an additional 691,980 shares in the last quarter. Capital International Investors raised its position in Blue Owl Capital by 3.5% in the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock worth $1,061,999,000 after acquiring an additional 2,141,873 shares in the last quarter. Bank of America Corp DE raised its position in Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after acquiring an additional 1,751,024 shares in the last quarter. Finally, Boston Partners raised its position in Blue Owl Capital by 121.9% in the third quarter. Boston Partners now owns 12,153,776 shares of the company’s stock worth $205,493,000 after acquiring an additional 6,677,610 shares in the last quarter. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on OWL. Evercore set a $14.00 price objective on Blue Owl Capital in a report on Friday, February 6th. Oppenheimer cut their price objective on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. BMO Capital Markets cut their price objective on Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. UBS Group boosted their price objective on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. cut their price objective on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. One equities 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Trading Up 0.1%

NYSE OWL opened at $10.30 on Monday. The stock’s 50-day moving average price is $9.42 and its two-hundred day moving average price is $12.19. The company has a market cap of $16.00 billion, a PE ratio of 85.79, a PEG ratio of 1.08 and a beta of 1.20. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $21.08.

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

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a $0.23 dividend. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.9%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is currently 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.