1832 Asset Management L.P. Has $25.77 Million Position in Blue Owl Capital Inc. (NYSE:OWL)

1832 Asset Management L.P. raised its holdings in shares of Blue Owl Capital Inc. (NYSE:OWL) by 159.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,366,567 shares of the company’s stock after purchasing an additional 840,167 shares during the period. 1832 Asset Management L.P. owned 0.10% of Blue Owl Capital worth $25,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd acquired a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $738,000. Westwood Holdings Group Inc. raised its stake in Blue Owl Capital by 1.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 978,499 shares of the company’s stock worth $18,454,000 after purchasing an additional 10,483 shares in the last quarter. Capital World Investors grew its position in shares of Blue Owl Capital by 0.3% during the 1st quarter. Capital World Investors now owns 63,339,128 shares of the company’s stock worth $1,194,576,000 after purchasing an additional 163,377 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Blue Owl Capital by 11.9% during the first quarter. Capital Research Global Investors now owns 10,512,628 shares of the company’s stock worth $198,268,000 after purchasing an additional 1,121,064 shares during the period. Finally, Capital International Sarl acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $19.00 price target on shares of Blue Owl Capital in a research note on Thursday, April 4th. JMP Securities reiterated a “market outperform” rating and set a $24.00 price target on shares of Blue Owl Capital in a report on Tuesday, April 9th. Citigroup restated a “buy” rating and issued a $21.00 price objective on shares of Blue Owl Capital in a report on Tuesday, May 14th. TD Cowen reaffirmed a “hold” rating and set a $19.00 target price (down from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $21.00 price objective on shares of Blue Owl Capital in a research report on Monday, June 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.81.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded up $0.15 during trading hours on Friday, hitting $19.74. 3,894,787 shares of the company’s stock traded hands, compared to its average volume of 5,058,085. Blue Owl Capital Inc. has a 12-month low of $10.64 and a 12-month high of $20.13. The company has a fifty day simple moving average of $18.12 and a 200-day simple moving average of $17.79. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 164.50, a PEG ratio of 1.24 and a beta of 1.18.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $486.55 million during the quarter, compared to analyst estimates of $478.47 million. Blue Owl Capital had a return on equity of 18.15% and a net margin of 3.84%. On average, analysts forecast that Blue Owl Capital Inc. will post 0.81 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Tuesday, May 21st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.72 annualized dividend and a yield of 3.65%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.14. Blue Owl Capital’s dividend payout ratio (DPR) is currently 600.00%.

Blue Owl Capital 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.