Capstone Capital Management Ltd Buys Shares of 53,086 Blue Owl Capital Inc. $OWL

Capstone Capital Management Ltd bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 53,086 shares of the company’s stock, valued at approximately $793,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cresset Asset Management LLC lifted its position in Blue Owl Capital by 1,345.0% in the third quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock valued at $23,355,000 after acquiring an additional 1,284,021 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock worth $195,920,000 after purchasing an additional 1,667,608 shares during the last quarter. Capital International Investors increased its stake in Blue Owl Capital by 3.5% in the 3rd quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after buying an additional 2,141,873 shares during the period. Elevation Point Wealth Partners LLC raised its position in Blue Owl Capital by 5,256.9% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock worth $6,336,000 after buying an additional 367,250 shares during the last quarter. Finally, Partners Group Holding AG raised its position in Blue Owl Capital by 8.3% during the 3rd quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock worth $32,847,000 after buying an additional 149,292 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OWL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a report on Tuesday, February 24th. Citigroup restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, January 27th. UBS Group upped their price objective on shares of Blue Owl Capital from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, Piper Sandler lowered their price objective on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.03.

Blue Owl Capital Trading Up 0.3%

Shares of OWL opened at $9.49 on Tuesday. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The firm has a market cap of $14.75 billion, a price-to-earnings ratio of 79.04, a PEG ratio of 1.00 and a beta of 1.19. The stock has a 50 day moving average of $9.28 and a 200-day moving average of $12.55.

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

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Wednesday, May 13th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Blue Owl Capital Company 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.