OCO Capital Partners L.P. Takes $11.83 Million Position in Blue Owl Capital Inc. $OWL

OCO Capital Partners L.P. bought a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 791,762 shares of the company’s stock, valued at approximately $11,829,000. Blue Owl Capital accounts for about 2.3% of OCO Capital Partners L.P.’s holdings, making the stock its 4th largest holding. OCO Capital Partners L.P. owned approximately 0.05% of Blue Owl Capital at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OWL. Capital World Investors raised its stake in Blue Owl Capital by 5.9% during the 4th quarter. Capital World Investors now owns 90,245,690 shares of the company’s stock valued at $1,348,272,000 after acquiring an additional 5,029,134 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 691,980 shares during the last quarter. Capital International Investors grew its stake in shares of 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 purchasing an additional 2,676,281 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Blue Owl Capital by 8.4% in the third quarter. Bank of America Corp DE now owns 22,563,953 shares of the company’s stock valued at $382,008,000 after purchasing an additional 1,751,024 shares during the period. Finally, Boston Partners raised its stake in shares of Blue Owl Capital by 16.2% during the fourth quarter. Boston Partners now owns 14,123,877 shares of the company’s stock worth $211,270,000 after purchasing an additional 1,970,101 shares during the last quarter. Hedge funds and other institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $9.83 on Wednesday. The stock’s 50 day moving average price is $9.63 and its 200 day moving average price is $11.81. Blue Owl Capital Inc. has a 1-year low of $7.95 and a 1-year high of $21.08. The company has a market cap of $15.28 billion, a PE ratio of 81.88, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20.

Blue Owl Capital (NYSE:OWL) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 return on equity of 21.97% and a net margin of 2.96%. On average, equities research analysts anticipate that Blue Owl Capital Inc. will post 0.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OWL. JPMorgan Chase & Co. decreased their price target on Blue Owl Capital from $19.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, April 29th. TD Cowen reissued a “buy” rating and issued a $14.00 price objective on shares of Blue Owl Capital in a research note on Monday, May 18th. Raymond James Financial restated a “strong-buy” rating on shares of Blue Owl Capital in a research note on Thursday, February 19th. Oppenheimer lowered their target price on shares of Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Finally, 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 note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.04.

Blue Owl Capital Company 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.