Blue Owl Capital Inc. $OWL Shares Purchased by Partners Group Holding AG

Partners Group Holding AG raised its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,940,155 shares of the company’s stock after purchasing an additional 149,292 shares during the quarter. Blue Owl Capital accounts for about 1.8% of Partners Group Holding AG’s holdings, making the stock its 21st biggest position. Partners Group Holding AG owned approximately 0.13% of Blue Owl Capital worth $32,847,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its stake in shares of Blue Owl Capital by 50.0% in the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock valued at $7,976,000 after buying an additional 132,637 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Blue Owl Capital by 63.6% in the second quarter. Nisa Investment Advisors LLC now owns 9,326 shares of the company’s stock valued at $179,000 after acquiring an additional 3,626 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Blue Owl Capital by 4.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 954,764 shares of the company’s stock worth $18,341,000 after purchasing an additional 36,784 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Blue Owl Capital by 14.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 90,259 shares of the company’s stock worth $1,734,000 after purchasing an additional 11,378 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of Blue Owl Capital by 5.2% during the 2nd quarter. Keybank National Association OH now owns 18,326 shares of the company’s stock worth $352,000 after purchasing an additional 906 shares during the period. 35.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Blue Owl Capital news, CFO Alan Kirshenbaum purchased 33,670 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were purchased at an average cost of $14.87 per share, with a total value of $500,672.90. Following the purchase, the chief financial officer owned 33,670 shares in the company, valued at approximately $500,672.90. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc S. Lipschultz acquired 69,663 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were bought at an average cost of $15.06 per share, with a total value of $1,049,124.78. Following the purchase, the chief executive officer owned 79,000 shares in the company, valued at approximately $1,189,740. The trade was a 746.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 395,670 shares of company stock valued at $5,952,393. 27.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OWL has been the topic of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Blue Owl Capital in a research note on Wednesday, January 14th. JPMorgan Chase & Co. boosted their target price on Blue Owl Capital from $21.50 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Barclays lowered their target price on Blue Owl Capital from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Wolfe Research set a $20.00 price target on Blue Owl Capital in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $18.69.

Blue Owl Capital Trading Up 5.7%

NYSE:OWL opened at $11.34 on Thursday. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 113.44, a price-to-earnings-growth ratio of 0.86 and a beta of 1.11. The company’s 50-day moving average is $14.13 and its two-hundred day moving average is $15.88. Blue Owl Capital Inc. has a 12-month low of $10.08 and a 12-month high of $22.25.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share 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 analyst estimates of $712.75 million. Blue Owl Capital had a net margin of 2.75% and a return on equity of 20.93%. On average, equities research analysts forecast that Blue Owl Capital Inc. will post 0.92 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 20th will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.9%. Blue Owl Capital’s payout ratio is currently 900.00%.

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.