GW&K Investment Management LLC Acquires 692,073 Shares of Blue Owl Capital Inc. $OWL

GW&K Investment Management LLC raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 84.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,507,781 shares of the company’s stock after buying an additional 692,073 shares during the period. GW&K Investment Management LLC owned 0.10% of Blue Owl Capital worth $25,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of OWL. Norges Bank acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $183,294,000. Vanguard Group Inc. grew its position in shares of Blue Owl Capital by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock valued at $1,149,833,000 after acquiring an additional 4,968,526 shares during the period. HMI Capital Management L.P. increased its stake in shares of Blue Owl Capital by 276.8% during the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock worth $109,583,000 after purchasing an additional 4,190,380 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Blue Owl Capital by 587.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,033,874 shares of the company’s stock worth $58,281,000 after purchasing an additional 2,592,231 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Blue Owl Capital by 121.5% in the 2nd quarter. Marshall Wace LLP now owns 4,178,531 shares of the company’s stock valued at $80,270,000 after purchasing an additional 2,291,994 shares during the period. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $10.42 on Friday. The stock’s fifty day moving average price is $13.53 and its two-hundred day moving average price is $15.52. The firm has a market cap of $16.20 billion, a PE ratio of 104.21, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15. Blue Owl Capital Inc. has a one year low of $9.73 and a one year high of $21.88.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $701.47 million during the quarter, compared to the consensus estimate of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. Sell-side analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 8.6%. The ex-dividend date was Friday, February 20th. Blue Owl Capital’s payout ratio is currently 900.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on OWL shares. Weiss Ratings restated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Wolfe Research set a $20.00 price objective on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Piper Sandler cut their target price on shares of Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.