Thrivent Financial for Lutherans Lowers Holdings in Blue Owl Capital Inc. $OWL

Thrivent Financial for Lutherans reduced its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 70.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,782 shares of the company’s stock after selling 186,541 shares during the period. Thrivent Financial for Lutherans’ holdings in Blue Owl Capital were worth $1,351,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OWL. Norges Bank acquired a new position in Blue Owl Capital during the second quarter worth approximately $183,294,000. HMI Capital Management L.P. boosted its holdings in shares of Blue Owl Capital by 276.8% in the 2nd quarter. HMI Capital Management L.P. now owns 5,704,480 shares of the company’s stock valued at $109,583,000 after purchasing an additional 4,190,380 shares during the last quarter. Qube Research & Technologies Ltd grew 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 valued at $58,281,000 after buying an additional 2,592,231 shares during the period. Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 62,948,362 shares of the company’s stock worth $1,209,238,000 after buying an additional 2,535,475 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Blue Owl Capital by 121.5% during the 2nd quarter. Marshall Wace LLP now owns 4,178,531 shares of the company’s stock worth $80,270,000 after buying an additional 2,291,994 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, January 21st. Piper Sandler reduced their price objective on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Wolfe Research set a $20.00 target price on shares of Blue Owl Capital in a research report on Wednesday, January 7th. Finally, Raymond James Financial upgraded shares of Blue Owl Capital from a “market perform” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.22.

Blue Owl Capital Stock Down 1.5%

OWL opened at $12.31 on Friday. The firm’s 50 day moving average is $14.86 and its 200-day moving average is $16.34. Blue Owl Capital Inc. has a 52-week low of $10.88 and a 52-week high of $24.28. The firm has a market capitalization of $19.19 billion, a P/E ratio of 123.08, a P/E/G ratio of 1.00 and a beta of 1.11.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.70%. The business had revenue of $701.47 million during the quarter, compared to analyst estimates of $712.75 million. Equities analysts expect that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, February 20th. Blue Owl Capital’s payout ratio is presently 900.00%.

Insiders Place Their Bets

In other Blue Owl Capital news, CFO Alan Kirshenbaum purchased 33,670 shares of Blue Owl Capital stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average price of $14.87 per share, with a total value of $500,672.90. Following the completion of the acquisition, the chief financial officer owned 33,670 shares of the company’s stock, valued at approximately $500,672.90. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Packer acquired 110,227 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $15.06 per share, for a total transaction of $1,660,018.62. Following the completion of the acquisition, the insider directly owned 94,000 shares in the company, valued at $1,415,640. The trade was a -679.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 395,670 shares of company stock worth $5,952,393. 27.20% of the stock is owned by insiders.

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.