Manning & Napier Advisors LLC Makes New $8.15 Million Investment in Blue Owl Capital Inc. $OWL

Manning & Napier Advisors LLC acquired a new position in shares of Blue Owl Capital Inc. (NYSE:OWL) in the 2nd quarter, HoldingsChannel reports. The fund acquired 931,222 shares of the company’s stock, valued at approximately $8,148,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $25,000. Toronto Dominion Bank bought a new stake in Blue Owl Capital during the 4th quarter valued at $26,000. Lavaca Capital LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth about $28,000. Burk Holdings LLC bought a new position in shares of Blue Owl Capital in the second quarter valued at approximately $27,000. Finally, Los Angeles Capital Management LLC bought a new stake in Blue Owl Capital during the fourth quarter worth $41,000. 35.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group reissued a “neutral” rating and set a $9.50 price target on shares of Blue Owl Capital in a research report on Thursday, June 11th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital to a “hold” rating in a research report on Monday, July 20th. TD Cowen restated a “buy” rating on shares of Blue Owl Capital in a research note on Thursday, August 6th. Finally, Barclays boosted their target price on Blue Owl Capital from $9.00 to $10.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.44.

Blue Owl Capital Price Performance

NYSE:OWL opened at $11.69 on Tuesday. The company has a market cap of $18.23 billion, a P/E ratio of 97.42, a P/E/G ratio of 1.28 and a beta of 1.19. Blue Owl Capital Inc. has a 1 year low of $7.95 and a 1 year high of $19.29. The stock’s fifty day moving average price is $10.11 and its two-hundred day moving average price is $10.01.

Blue Owl Capital (NYSE:OWL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Blue Owl Capital had a return on equity of 23.14% and a net margin of 2.71%.The business had revenue of $693.56 million for the quarter, compared to analysts’ expectations of $693.15 million. On average, analysts expect that Blue Owl Capital Inc. will post 0.88 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, August 13th. Blue Owl Capital’s payout ratio 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.