Atom Investors LP Purchases Shares of 447,272 Blue Owl Capital Inc. $OWL

Atom Investors LP purchased a new stake in Blue Owl Capital Inc. (NYSE:OWL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 447,272 shares of the company’s stock, valued at approximately $6,682,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital World Investors increased its stake in Blue Owl Capital by 5.9% in the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after buying an additional 5,029,134 shares during the last quarter. Vanguard Group Inc. increased its stake in Blue Owl Capital by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 68,608,868 shares of the company’s stock valued at $1,025,016,000 after buying an additional 691,980 shares during the last quarter. Capital International Investors increased its stake in Blue Owl Capital by 4.3% in the 4th quarter. Capital International Investors now owns 65,402,615 shares of the company’s stock valued at $977,118,000 after buying an additional 2,676,281 shares during the last quarter. Bank of America Corp DE increased its stake in Blue Owl Capital by 8.4% in the 3rd quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after buying an additional 1,751,024 shares during the last quarter. Finally, Boston Partners increased its stake in Blue Owl Capital by 16.2% in the 4th quarter. Boston Partners now owns 14,123,877 shares of the company’s stock valued at $211,270,000 after buying an additional 1,970,101 shares during the last quarter. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OWL opened at $9.83 on Wednesday. Blue Owl Capital Inc. has a 52 week low of $7.95 and a 52 week high of $21.08. The firm has a market cap of $15.28 billion, a P/E ratio of 81.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The firm’s 50-day simple moving average is $9.63 and its 200 day simple moving average is $11.81.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $699.88 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that Blue Owl Capital Inc. will post 0.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.92 dividend on an annualized basis and a yield of 9.4%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.23. Blue Owl Capital’s payout ratio is presently 766.67%.

Analyst Ratings Changes

OWL has been the topic of several recent research reports. Oppenheimer lowered their price target on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, April 13th. Piper Sandler lowered their price target on shares of Blue Owl Capital from $15.00 to $12.50 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft lowered shares of Blue Owl Capital from a “buy” rating to a “hold” rating and lowered their price target for the company from $15.00 to $10.00 in a research note on Tuesday, February 24th. UBS Group restated a “neutral” rating and set a $9.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 11th. Finally, BMO Capital Markets lowered their price objective on shares of Blue Owl Capital from $15.00 to $11.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.04.

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.