Saba Capital Management L.P. Takes Position in Blue Owl Capital Inc. $OWL

Saba Capital Management L.P. purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the first quarter, HoldingsChannel.com reports. The fund purchased 101,317 shares of the company’s stock, valued at approximately $925,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kingswood Wealth Advisors LLC increased its stake in Blue Owl Capital by 1.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,939 shares of the company’s stock valued at $1,149,000 after purchasing an additional 909 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Blue Owl Capital by 83.5% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 2,000 shares of the company’s stock worth $30,000 after purchasing an additional 910 shares during the last quarter. VestGen Advisors LLC lifted its holdings in shares of Blue Owl Capital by 5.4% in the 4th quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock valued at $267,000 after purchasing an additional 912 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Blue Owl Capital by 0.6% in 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 during the period. Finally, Deutsche Bank AG grew its stake in Blue Owl Capital by 1.6% during the 4th quarter. Deutsche Bank AG now owns 77,962 shares of the company’s stock worth $1,165,000 after buying an additional 1,222 shares during the last quarter. 35.85% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

NYSE:OWL opened at $9.67 on Tuesday. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $20.58. The firm 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. The firm has a 50 day simple moving average of $9.49 and a 200-day simple moving average of $10.51.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $699.88 million for the quarter, compared to analyst estimates of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. As a group, sell-side analysts expect that Blue Owl Capital Inc. will post 0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OWL. Citizens Jmp lowered their target price on shares of Blue Owl Capital from $21.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Barclays lowered their price objective on Blue Owl Capital from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, July 9th. Citigroup reiterated a “market outperform” rating on shares of Blue Owl Capital in a report on Thursday, July 9th. Capital One Financial set a $11.00 price objective on shares of Blue Owl Capital in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. One 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.16.

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.