Corient Private Wealth LP Makes New $13.52 Million Investment in Blue Owl Capital Inc. $OWL

Corient Private Wealth LP purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,243,805 shares of the company’s stock, valued at approximately $13,520,000.

Other hedge funds also recently modified their holdings of the company. VestGen Advisors LLC grew its stake in shares of Blue Owl Capital by 5.4% in the fourth quarter. VestGen Advisors LLC now owns 17,850 shares of the company’s stock worth $267,000 after purchasing an additional 912 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Blue Owl Capital by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 190,579 shares of the company’s stock worth $3,227,000 after purchasing an additional 1,182 shares during the last quarter. Deutsche Bank AG lifted its holdings 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 period. Utah Retirement Systems grew its position in shares of Blue Owl Capital by 4.4% in the 4th quarter. Utah Retirement Systems now owns 33,675 shares of the company’s stock valued at $503,000 after buying an additional 1,429 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its stake in shares of Blue Owl Capital by 5.6% in the fourth quarter. Swiss Life Asset Management Ltd now owns 28,186 shares of the company’s stock valued at $421,000 after buying an additional 1,499 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on OWL shares. Oppenheimer lifted their price objective on Blue Owl Capital from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Thursday. Capital One Financial set a $12.00 price target on shares of Blue Owl Capital in a report on Monday, August 3rd. Barclays boosted their price target on shares of Blue Owl Capital from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. Finally, Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.57.

Blue Owl Capital Stock Up 0.1%

Shares of OWL stock opened at $12.03 on Friday. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 100.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $19.29. The firm has a 50 day moving average of $10.29 and a 200-day moving average of $10.02.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.92 annualized dividend and a dividend yield of 7.6%. Blue Owl Capital’s dividend 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.