Div Capital Phoenix Assets Ltd Purchases Shares of 53,013 Blue Owl Capital Inc. $OWL

Div Capital Phoenix Assets Ltd purchased a new stake in shares of Blue Owl Capital Inc. (NYSE:OWL) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 53,013 shares of the company’s stock, valued at approximately $792,000. Blue Owl Capital comprises 0.2% of Div Capital Phoenix Assets Ltd’s holdings, making the stock its 13th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Cresset Asset Management LLC lifted its stake in shares of Blue Owl Capital by 1,345.0% in the third quarter. Cresset Asset Management LLC now owns 1,379,485 shares of the company’s stock valued at $23,355,000 after buying an additional 1,284,021 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Blue Owl Capital by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock valued at $195,920,000 after buying an additional 1,667,608 shares during the period. Capital International Investors lifted its stake in shares of Blue Owl Capital by 3.5% in the third quarter. Capital International Investors now owns 62,726,334 shares of the company’s stock valued at $1,061,999,000 after buying an additional 2,141,873 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 5,256.9% in the third quarter. Elevation Point Wealth Partners LLC now owns 374,236 shares of the company’s stock valued at $6,336,000 after buying an additional 367,250 shares during the period. Finally, Partners Group Holding AG lifted its stake in shares of Blue Owl Capital by 8.3% in the third quarter. Partners Group Holding AG now owns 1,940,155 shares of the company’s stock valued at $32,847,000 after buying an additional 149,292 shares during the period. 35.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Blue Owl Capital from $14.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. UBS Group restated a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research note on Thursday. BMO Capital Markets cut their price target on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft cut shares of Blue Owl Capital from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $10.00 in a research note on Tuesday, February 24th. Finally, TD Cowen restated a “buy” rating and set a $14.00 price target on shares of Blue Owl Capital in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.04.

Blue Owl Capital Stock Up 2.6%

Shares of OWL opened at $9.71 on Friday. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 80.94, a P/E/G ratio of 1.00 and a beta of 1.20. Blue Owl Capital Inc. has a 12 month low of $7.95 and a 12 month high of $21.08. The company has a 50-day moving average price of $9.57 and a two-hundred day moving average price of $11.91.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to analysts’ expectations of $687.23 million. Blue Owl Capital had a net margin of 2.96% and a return on equity of 21.97%. Equities research analysts expect that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.23. This represents a $0.92 annualized dividend and a dividend yield of 9.5%. Blue Owl Capital’s dividend payout ratio (DPR) is 766.67%.

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.