Cobalt Capital Management Inc. Purchases New Position in Blue Owl Capital Inc. $OWL

Cobalt Capital Management Inc. purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, Holdings Channel reports. The fund purchased 700,085 shares of the company’s stock, valued at approximately $10,459,000. Blue Owl Capital comprises approximately 4.6% of Cobalt Capital Management Inc.’s holdings, making the stock its 8th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC increased its position in shares of Blue Owl Capital by 383.6% during the fourth 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 in the last quarter. Lavaca Capital LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC increased its position in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after acquiring an additional 910 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $41,000. Institutional investors own 35.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. dropped their target price on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Piper Sandler dropped their target price on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. TD Cowen restated a “buy” rating and issued a $14.00 target price on shares of Blue Owl Capital in a report on Monday, May 18th. Finally, Citizens Jmp dropped their target price on shares of Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Trading Down 3.7%

Shares of OWL stock opened at $9.48 on Thursday. The firm’s 50 day moving average is $9.66 and its 200 day moving average is $11.77. The stock has a market capitalization of $14.73 billion, a P/E ratio of 78.97, a P/E/G ratio of 1.04 and a beta of 1.20. 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 issued 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 analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, equities analysts predict that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.23 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 annualized dividend and a dividend yield of 9.7%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio is 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.