MKP Capital Management L.L.C. Makes New $7.39 Million Investment in Blue Owl Capital Inc. $OWL

MKP Capital Management L.L.C. purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 494,639 shares of the company’s stock, valued at approximately $7,390,000. Blue Owl Capital makes up approximately 0.3% of MKP Capital Management L.L.C.’s portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds also recently modified their holdings of OWL. Royal Bank of Canada raised its position in shares of Blue Owl Capital by 50.0% during the first quarter. Royal Bank of Canada now owns 397,990 shares of the company’s stock worth $7,976,000 after purchasing an additional 132,637 shares during the period. Russell Investments Group Ltd. raised its position in shares of Blue Owl Capital by 4.0% during the second quarter. Russell Investments Group Ltd. now owns 44,215 shares of the company’s stock worth $849,000 after purchasing an additional 1,703 shares during the period. Jump Financial LLC acquired a new stake in shares of Blue Owl Capital during the second quarter worth about $238,000. California Public Employees Retirement System raised its position in shares of Blue Owl Capital by 28.2% during the second quarter. California Public Employees Retirement System now owns 787,255 shares of the company’s stock worth $15,123,000 after purchasing an additional 172,982 shares during the period. Finally, State Street Corp raised its position in shares of Blue Owl Capital by 10.6% during the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock worth $189,806,000 after purchasing an additional 950,700 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE:OWL opened at $10.47 on Tuesday. The stock’s 50-day simple moving average is $9.45 and its 200 day simple moving average is $12.16. The company has a market cap of $16.27 billion, a P/E ratio of 87.21, a P/E/G ratio of 1.08 and a beta of 1.20. Blue Owl Capital Inc. has a 52-week low of $7.95 and a 52-week high of $21.08.

Blue Owl Capital (NYSE:OWL) last released its earnings results on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $699.88 million for the quarter, compared to the consensus estimate of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a $0.23 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend was Wednesday, May 13th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 766.67%.

Analyst Ratings Changes

A number of research firms have recently commented on OWL. UBS Group raised their price target on Blue Owl Capital from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citizens Jmp dropped their price target on Blue Owl Capital from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Raymond James Financial reissued a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Barclays lifted their price target on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group dropped their price target on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.04.

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.