QRG Capital Management Inc. Has $2.92 Million Holdings in Blue Owl Capital Inc. $OWL

QRG Capital Management Inc. raised its position in Blue Owl Capital Inc. (NYSE:OWL) by 641.1% in the first quarter, HoldingsChannel.com reports. The fund owned 319,763 shares of the company’s stock after purchasing an additional 276,616 shares during the quarter. QRG Capital Management Inc.’s holdings in Blue Owl Capital were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Blue Owl Capital by 16.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after buying an additional 1,667,608 shares during the last quarter. Capital International Investors lifted its position in Blue Owl Capital by 3.5% during 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 during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Blue Owl Capital by 5,256.9% during the third quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after acquiring an additional 367,250 shares during the period. Hsbc Holdings PLC grew its position in shares of Blue Owl Capital by 129.4% in the fourth quarter. Hsbc Holdings PLC now owns 239,674 shares of the company’s stock valued at $3,590,000 after purchasing an additional 135,184 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its position in Blue Owl Capital by 44.5% during the 3rd quarter. Aquatic Capital Management LLC now owns 371,965 shares of the company’s stock worth $6,297,000 after buying an additional 114,564 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on OWL. JPMorgan Chase & Co. decreased 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 research report on Wednesday, April 29th. Oppenheimer dropped their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research report on Thursday. Piper Sandler reduced their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. 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 research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $13.71.

Blue Owl Capital Stock Performance

Shares of OWL traded down $0.06 during trading hours on Tuesday, reaching $9.44. The stock had a trading volume of 2,534,644 shares, compared to its average volume of 28,022,813. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The stock has a market capitalization of $14.67 billion, a PE ratio of 78.82, a PEG ratio of 0.96 and a beta of 1.22. The company’s 50-day moving average is $9.59 and its two-hundred day moving average is $11.14.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.23 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s payout ratio is presently 766.67%.

Blue Owl Capital 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.