SCS Capital Management LLC Makes New $5.87 Million Investment in Blue Owl Capital Inc. $OWL

SCS Capital Management LLC acquired a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 524,822 shares of the company’s stock, valued at approximately $5,868,000.

A number of other institutional investors also recently modified their holdings of OWL. Arax Advisory Partners bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $25,000. Toronto Dominion Bank bought a new position in Blue Owl Capital in the 4th quarter worth approximately $26,000. Lavaca Capital LLC bought a new position in Blue Owl Capital in the 4th quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new position in Blue Owl Capital during the 4th quarter worth $41,000. Finally, Headlands Technologies LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth $51,000. 35.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OWL shares. Capital One Financial set a $12.00 target price on Blue Owl Capital in a research report on Monday, August 3rd. Credit Suisse Group set a $9.10 price target on Blue Owl Capital in a report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Blue Owl Capital in a research report on Thursday, June 18th. UBS Group reissued a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a report on Thursday, June 11th. Finally, Citigroup restated a “market outperform” rating on shares of Blue Owl Capital in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.44.

Blue Owl Capital Price Performance

Shares of NYSE:OWL opened at $12.22 on Monday. The company has a market capitalization of $19.05 billion, a price-to-earnings ratio of 101.85, a P/E/G ratio of 1.36 and a beta of 1.19. The firm’s 50 day simple moving average is $9.86 and its 200 day simple moving average is $10.09. Blue Owl Capital Inc. has a fifty-two week low of $7.95 and a fifty-two week high of $19.84.

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

Blue Owl Capital Dividend Announcement

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 issued a dividend of $0.23 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.92 annualized dividend and a yield of 7.5%. Blue Owl Capital’s payout ratio is currently 766.67%.

Blue Owl Capital 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.