Blue Owl Capital Inc. (NYSE:OWL) Stake Boosted by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC increased its position in shares of Blue Owl Capital Inc. (NYSE:OWL) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,086 shares of the company’s stock after purchasing an additional 1,462 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Blue Owl Capital were worth $1,152,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of Blue Owl Capital by 12.0% during the fourth quarter. Capital International Investors now owns 33,177,641 shares of the company’s stock valued at $494,347,000 after purchasing an additional 3,565,657 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $46,030,000. Advent International L.P. acquired a new position in shares of Blue Owl Capital during the third quarter valued at $30,780,000. Vanguard Group Inc. increased its holdings in shares of Blue Owl Capital by 3.3% during the third quarter. Vanguard Group Inc. now owns 40,199,339 shares of the company’s stock valued at $520,983,000 after purchasing an additional 1,293,941 shares during the period. Finally, Franklin Resources Inc. increased its holdings in shares of Blue Owl Capital by 159.5% during the fourth quarter. Franklin Resources Inc. now owns 1,865,492 shares of the company’s stock valued at $27,796,000 after purchasing an additional 1,146,734 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.1 %

Shares of OWL stock traded down $0.02 during trading hours on Monday, reaching $17.73. 1,467,806 shares of the company’s stock were exchanged, compared to its average volume of 5,180,762. Blue Owl Capital Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $19.87. The stock has a market capitalization of $25.33 billion, a P/E ratio of 147.92, a P/E/G ratio of 1.08 and a beta of 1.18. The business has a fifty day moving average price of $18.22 and a 200-day moving average price of $17.31.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. The business had revenue of $486.55 million for the quarter, compared to analysts’ expectations of $478.47 million. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.82 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Monday, May 20th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio is presently 600.00%.

Wall Street Analysts Forecast Growth

OWL has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price on shares of Blue Owl Capital in a report on Friday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $19.00 target price on shares of Blue Owl Capital in a report on Thursday, April 4th. Citigroup reiterated a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a research report on Tuesday, May 14th. UBS Group upgraded Blue Owl Capital from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $22.00 in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $21.00 price target on shares of Blue Owl Capital in a research report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.27.

Blue Owl Capital Company Profile

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.