Blue Owl Capital Inc. $OWL Shares Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda grew its stake in Blue Owl Capital Inc. (NYSE:OWL) by 53.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 381,360 shares of the company’s stock after buying an additional 132,060 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Blue Owl Capital were worth $6,456,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OWL. Vanguard Group Inc. lifted its stake in Blue Owl Capital by 7.9% in the third quarter. Vanguard Group Inc. now owns 67,916,888 shares of the company’s stock worth $1,149,833,000 after acquiring an additional 4,968,526 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Blue Owl Capital by 16.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,572,226 shares of the company’s stock worth $195,920,000 after purchasing an additional 1,667,608 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Blue Owl Capital by 14.6% during the second quarter. Geode Capital Management LLC now owns 10,293,279 shares of the company’s stock worth $197,766,000 after purchasing an additional 1,313,108 shares in the last quarter. State Street Corp increased its holdings in Blue Owl Capital by 10.6% in the second quarter. State Street Corp now owns 9,880,565 shares of the company’s stock valued at $189,806,000 after buying an additional 950,700 shares during the last quarter. Finally, Norges Bank acquired a new stake in Blue Owl Capital in the second quarter valued at $183,294,000. 35.85% of the stock is currently owned by hedge funds and other institutional investors.

Key Blue Owl Capital News

Here are the key news stories impacting Blue Owl Capital this week:

• Positive Sentiment: Blue Owl confirmed it received an unsolicited minority tender offer for up to 8,000,000 shares of Blue Owl Capital Corporation II (OBDC II) and said it will review the proposal — a formal review can prompt management responses or negotiations that sometimes limit downside. Blue Owl Capital Corporation II Confirms Receipt of Unsolicited Minority Tender Offer from Cox and Saba at Discount to NAV
• Neutral Sentiment: Barclays reiterated an Equal Weight rating on OWL, signaling analysts are currently neutral on the shares despite recent volatility. Blue Owl Capital’s (OWL) Equal Weight Rating Reiterated at Barclays
• Negative Sentiment: Reports say Blue Owl has roughly £36 million (reported) — about $48 million in some accounts — of exposure to a collapsed UK property lender; that direct loss/credit exposure is being cited as a trigger for selling pressure. Blue Owl Capital stock falls on UK property lender loss
• Negative Sentiment: Outside firms have launched deep-discount offers for shares in Blue Owl’s private credit vehicles, signaling stress/illiquidity in those fund share prices and creating valuation scrutiny across the firm’s retail-facing products. Outside firms start the deep discount offer for shares in Blue Owl Private Credit Fund
• Negative Sentiment: Sectorwide private-credit redemptions and negative headlines are hitting Blue Owl specifically — coverage notes OWL shares are down sharply year-to-date as liquidity and mark-to-market concerns expose risks in retailized private credit. OWL Stock Is Down Over 30% This Year— How Private Credit Meltdown Is Exposing ‘Cockroaches’ In The Market
• Negative Sentiment: Short interest has surged to record levels against Blue Owl as investors position for further weakness, which can accelerate downside and volatility in the near term. Blue Owl Draws Record Short Bets as Private Credit Remains Under Fire

Blue Owl Capital Stock Down 5.1%

Shares of NYSE OWL opened at $9.89 on Friday. The business has a 50-day moving average price of $13.43 and a 200 day moving average price of $15.46. The stock has a market cap of $15.37 billion, a PE ratio of 98.91, a price-to-earnings-growth ratio of 0.87 and a beta of 1.15. Blue Owl Capital Inc. has a 52-week low of $9.69 and a 52-week high of $21.88.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $701.47 million during the quarter, compared to analysts’ expectations of $712.75 million. Blue Owl Capital had a return on equity of 20.93% and a net margin of 2.75%. Sell-side analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, February 20th. This represents a $0.90 dividend on an annualized basis and a yield of 9.1%. Blue Owl Capital’s dividend payout ratio is currently 900.00%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays reaffirmed an “equal weight” rating and set a $11.00 price target (down from $15.00) on shares of Blue Owl Capital in a report on Monday, March 2nd. Piper Sandler decreased their target price on Blue Owl Capital from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Citigroup reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Blue Owl Capital in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Blue Owl Capital from $16.25 to $14.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

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.