MidFirst Bank Makes New Investment in Blue Owl Capital Inc. $OWL

MidFirst Bank bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, HoldingsChannel reports. The firm bought 78,650 shares of the company’s stock, valued at approximately $1,175,000.

Other hedge funds have also modified their holdings of the company. Alberta Investment Management Corp purchased a new position in Blue Owl Capital in the fourth quarter worth $1,273,000. NewEdge Advisors LLC lifted its holdings in Blue Owl Capital by 11.8% in the fourth quarter. NewEdge Advisors LLC now owns 354,023 shares of the company’s stock valued at $5,289,000 after acquiring an additional 37,412 shares during the period. Cat Rock Capital Management LP boosted its position in shares of Blue Owl Capital by 0.6% during the 4th quarter. Cat Rock Capital Management LP now owns 1,220,586 shares of the company’s stock worth $18,236,000 after purchasing an additional 7,840 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $5,049,000. Finally, nVerses Capital LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $150,000. 35.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OWL. Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. TD Cowen restated a “buy” rating and set a $14.00 target price on shares of Blue Owl Capital in a research report on Monday, May 18th. BMO Capital Markets dropped their target price on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. 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. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Trading Up 0.5%

Shares of OWL opened at $9.57 on Friday. 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 cap of $14.89 billion, a P/E ratio of 79.79, a PEG ratio of 1.00 and a beta of 1.20. The company has a 50-day moving average of $9.70 and a two-hundred day moving average of $11.72.

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

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.6%. Blue Owl Capital’s payout ratio is currently 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.