Ardsley Advisory Partners LP Makes New Investment in Blue Owl Capital Inc. $OWL

Ardsley Advisory Partners LP bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 325,000 shares of the company’s stock, valued at approximately $4,856,000.

Several other institutional investors have also modified their holdings of the company. Kingswood Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 1.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock worth $1,149,000 after acquiring an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its position in shares of Blue Owl Capital by 83.5% during the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock valued at $30,000 after purchasing an additional 910 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Blue Owl Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock valued at $3,227,000 after purchasing an additional 1,182 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Blue Owl Capital by 1.4% during the third quarter. PNC Financial Services Group Inc. now owns 85,824 shares of the company’s stock valued at $1,453,000 after buying an additional 1,217 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Blue Owl Capital by 2.4% during the third quarter. TD Asset Management Inc now owns 52,020 shares of the company’s stock valued at $881,000 after buying an additional 1,220 shares in the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Barclays raised their price objective on shares of Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Blue Owl Capital in a research report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of 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 issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.04.

Blue Owl Capital Price Performance

OWL opened at $9.48 on Thursday. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $21.08. The firm’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $11.77. The company has a market capitalization of $14.73 billion, a P/E ratio of 78.97, a P/E/G ratio of 1.04 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a return on equity of 21.97% and a net margin of 2.96%. On average, equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.23 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, May 13th. This represents a $0.92 annualized dividend and a yield of 9.7%. Blue Owl Capital’s dividend payout ratio is currently 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.