Entropy Technologies LP Invests $1.31 Million in Blue Owl Capital Inc. $OWL

Entropy Technologies LP acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the first quarter, HoldingsChannel.com reports. The firm acquired 143,781 shares of the company’s stock, valued at approximately $1,313,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Arax Advisory Partners acquired a new stake in Blue Owl Capital in the 4th quarter worth about $25,000. Toronto Dominion Bank purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $26,000. Lavaca Capital LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC lifted its holdings 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 worth $30,000 after acquiring an additional 910 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $41,000. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Up 2.4%

Shares of OWL stock opened at $9.67 on Tuesday. The company’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $10.51. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $20.58. The company has a market cap of $15.04 billion, a PE ratio of 80.61, a P/E/G ratio of 1.02 and a beta of 1.22.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Equities research analysts expect that Blue Owl Capital Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a report on Monday, July 20th. TD Cowen reiterated a “buy” rating and issued a $14.00 price target on shares of Blue Owl Capital in a report on Monday, May 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Blue Owl Capital in a report on Thursday, June 18th. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group reduced their target price on Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.16.

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.