Endure Capital Management LLC Takes $10.23 Million Position in Blue Owl Capital Inc. $OWL

Endure Capital Management LLC bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,120,600 shares of the company’s stock, valued at approximately $10,231,000. Blue Owl Capital makes up about 7.0% of Endure Capital Management LLC’s portfolio, making the stock its 5th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its position in Blue Owl Capital by 1.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after acquiring an additional 909 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its holdings in Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares in the last quarter. VestGen Advisors LLC increased its holdings in Blue Owl Capital by 5.4% during the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after purchasing an additional 912 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Blue Owl Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock worth $3,227,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Blue Owl Capital by 1.6% in the fourth quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock worth $1,165,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

OWL has been the topic of several analyst reports. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Capital One Financial set a $11.00 price target on Blue Owl Capital in a report on Monday, July 13th. TD Cowen restated a “buy” rating and set a $14.00 price objective on shares of Blue Owl Capital in a research note on Monday, May 18th. Piper Sandler cut 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 report on Tuesday, April 7th. Finally, Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a report on Thursday, July 2nd. One 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, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $13.16.

Blue Owl Capital Stock Performance

Shares of OWL opened at $9.46 on Friday. The business has a 50-day moving average of $9.49 and a 200 day moving average of $10.59. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $20.58. The firm has a market cap of $14.70 billion, a P/E ratio of 78.80, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 21.97% and a net margin of 2.96%. As a group, research analysts predict that Blue Owl Capital Inc. will post 0.87 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Wednesday, May 13th. This is an increase 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.