Verition Fund Management LLC purchased a new position in shares of Blue Owl Capital Inc. (NYSE:OWL – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 275,476 shares of the company’s stock, valued at approximately $3,493,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in OWL. Blue Owl Capital Holdings LP acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $1,670,516,000. Capital World Investors acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $587,723,000. Capital International Investors increased its holdings in shares of Blue Owl Capital by 399.5% during the 4th quarter. Capital International Investors now owns 22,936,362 shares of the company’s stock worth $341,981,000 after buying an additional 18,344,821 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $31,838,000. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $30,113,000. Institutional investors and hedge funds own 27.92% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Blue Owl Capital in a report on Monday, September 12th. They set a “buy” rating and a $19.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Blue Owl Capital in a research report on Thursday, July 7th. They set a “neutral” rating and a $13.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of Blue Owl Capital from $13.75 to $15.50 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, JMP Securities initiated coverage on shares of Blue Owl Capital in a research report on Wednesday, June 8th. They set an “outperform” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.63.
Insider Buying and Selling at Blue Owl Capital
Blue Owl Capital Stock Down 1.1 %
Shares of OWL stock opened at $10.90 on Friday. Blue Owl Capital Inc. has a 52 week low of $9.52 and a 52 week high of $17.89. The stock has a market capitalization of $15.23 billion, a PE ratio of -54.50, a P/E/G ratio of 0.54 and a beta of 1.08. The firm has a 50 day moving average of $11.42 and a two-hundred day moving average of $11.78.
Blue Owl Capital Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Monday, August 22nd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Friday, August 19th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.10. Blue Owl Capital’s dividend payout ratio (DPR) is currently -220.00%.
Blue Owl Capital Profile
Blue Owl Capital Inc operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
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