Csenge Advisory Group Invests $604,000 in Blue Owl Capital Inc. $OWL

Csenge Advisory Group bought a new position in Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,556 shares of the company’s stock, valued at approximately $604,000.

A number of other hedge funds have also modified their holdings of OWL. Capital World Investors lifted its position in shares of Blue Owl Capital by 5.9% in the fourth quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Blue Owl Capital by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock worth $1,025,016,000 after purchasing an additional 691,980 shares during the period. Capital International Investors increased its stake in Blue Owl Capital by 4.3% in the fourth quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock worth $977,118,000 after purchasing an additional 2,676,281 shares during the period. Bank of America Corp DE increased its position in shares of Blue Owl Capital by 8.4% during the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock worth $382,008,000 after acquiring an additional 1,751,024 shares during the period. Finally, Boston Partners increased its stake in shares of Blue Owl Capital by 16.2% during the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on OWL. Citizens Jmp decreased their price target on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. UBS Group restated a “neutral” rating and issued a $9.50 target price on shares of Blue Owl Capital in a research note on Thursday, June 11th. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Barclays upped their target price on Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Finally, Credit Suisse Group set a $9.10 price objective on shares of Blue Owl Capital in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $13.44.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $11.42 on Friday. The business has a 50 day simple moving average of $10.03 and a two-hundred day simple moving average of $10.02. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $19.29. The stock has a market capitalization of $17.80 billion, a P/E ratio of 95.17, a PEG ratio of 1.31 and a beta of 1.19.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The firm had revenue of $693.56 million for the quarter, compared to analyst estimates of $693.15 million. As a group, research analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, August 13th. Blue Owl Capital’s payout ratio is 766.67%.

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.