Dark Forest Capital Management LP Buys New Shares in Blue Owl Capital Inc. (NYSE:OWL)

Dark Forest Capital Management LP purchased a new position in Blue Owl Capital Inc. (NYSE:OWL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,926 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Blue Owl Capital during the 4th quarter worth about $10,271,000. Wells Fargo & Company MN raised its stake in Blue Owl Capital by 12.1% during the 4th quarter. Wells Fargo & Company MN now owns 715,309 shares of the company’s stock worth $10,658,000 after buying an additional 76,935 shares during the period. Hsbc Holdings PLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $1,589,000. Steward Partners Investment Advisory LLC grew its stake in Blue Owl Capital by 18.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 55,808 shares of the company’s stock valued at $832,000 after acquiring an additional 8,822 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in Blue Owl Capital by 3.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 202,046 shares of the company’s stock valued at $3,010,000 after acquiring an additional 5,800 shares during the period. 35.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on Blue Owl Capital from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of Blue Owl Capital in a research note on Thursday, June 13th. Wells Fargo & Company assumed coverage on shares of Blue Owl Capital in a research report on Thursday, September 12th. They set an “equal weight” rating and a $18.50 target price for the company. TD Cowen restated a “hold” rating and issued a $19.00 target price (down previously from $21.50) on shares of Blue Owl Capital in a report on Monday, July 8th. Finally, Piper Sandler cut their price target on Blue Owl Capital from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $20.10.

Blue Owl Capital Stock Up 0.7 %

Shares of NYSE OWL opened at $19.38 on Tuesday. The company has a market capitalization of $27.68 billion, a PE ratio of 161.46, a PEG ratio of 1.19 and a beta of 1.17. The stock’s 50 day moving average price is $17.81 and its 200-day moving average price is $18.11. Blue Owl Capital Inc. has a twelve month low of $12.11 and a twelve month high of $20.13.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Blue Owl Capital had a return on equity of 19.15% and a net margin of 4.64%. The business had revenue of $549.85 million for the quarter, compared to analysts’ expectations of $507.22 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, research analysts expect that Blue Owl Capital Inc. will post 0.79 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.72 annualized dividend and a yield of 3.72%. Blue Owl Capital’s payout ratio is currently 600.00%.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.