Blue Owl Capital Inc. $OWL Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Blue Owl Capital Inc. (NYSE:OWL) by 30.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,522 shares of the company’s stock after buying an additional 75,004 shares during the quarter. Quantinno Capital Management LP’s holdings in Blue Owl Capital were worth $2,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new position in shares of Blue Owl Capital in the fourth quarter worth about $25,000. Toronto Dominion Bank acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $26,000. Lavaca Capital LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC grew 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 worth $30,000 after buying an additional 910 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in Blue Owl Capital by 2,100.0% during the 1st quarter. Center for Financial Planning Inc. now owns 4,400 shares of the company’s stock worth $40,000 after acquiring an additional 4,200 shares in the last quarter. 35.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OWL has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of Blue Owl Capital from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Credit Suisse Group set a $9.10 price objective on Blue Owl Capital in a research note on Thursday, July 2nd. BMO Capital Markets increased their target price on Blue Owl Capital from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, UBS Group reiterated a “neutral” rating and issued a $9.50 target price on shares of Blue Owl Capital in a research report on Thursday, June 11th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.44.

Blue Owl Capital Stock Down 0.0%

Shares of OWL opened at $11.87 on Monday. The firm has a 50-day moving average price of $9.64 and a 200 day moving average price of $10.20. The firm has a market capitalization of $18.50 billion, a PE ratio of 98.89, a P/E/G ratio of 1.33 and a beta of 1.19. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $20.58.

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, meeting the consensus estimate of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The business had revenue of $693.56 million during the quarter, compared to analyst estimates of $693.15 million. On average, equities analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend 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.