Advent International L.P. Increases Stake in Blue Owl Capital Inc. $OWL

Advent International L.P. lifted its stake in shares of Blue Owl Capital Inc. (NYSE:OWL) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,033,600 shares of the company’s stock after buying an additional 432,695 shares during the period. Blue Owl Capital comprises approximately 3.1% of Advent International L.P.’s investment portfolio, making the stock its 8th biggest position. Advent International L.P. owned approximately 0.32% of Blue Owl Capital worth $96,695,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in OWL. Banque Transatlantique SA bought a new position in shares of Blue Owl Capital during the first quarter valued at $31,000. SVB Wealth LLC acquired a new position in Blue Owl Capital in the first quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Blue Owl Capital by 58.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,478 shares of the company’s stock valued at $50,000 after acquiring an additional 916 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth about $50,000. Finally, MorganRosel Wealth Management LLC bought a new position in Blue Owl Capital in the second quarter worth approximately $51,000. Institutional investors own 35.85% of the company’s stock.

Blue Owl Capital Trading Down 2.9%

Shares of NYSE OWL opened at $15.64 on Friday. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 260.71, a P/E/G ratio of 1.38 and a beta of 1.13. Blue Owl Capital Inc. has a 1-year low of $13.25 and a 1-year high of $26.73. The stock’s 50-day moving average is $15.64 and its 200 day moving average is $17.77.

Blue Owl Capital (NYSE:OWL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Blue Owl Capital had a net margin of 1.89% and a return on equity of 20.05%. The company had revenue of $687.00 million during the quarter, compared to analysts’ expectations of $685.95 million. On average, analysts forecast that Blue Owl Capital Inc. will post 0.92 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Monday, November 10th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, November 10th. Blue Owl Capital’s dividend payout ratio is 1,500.00%.

Insider Activity

In other news, CFO Alan Kirshenbaum purchased 33,670 shares of the business’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $14.87 per share, with a total value of $500,672.90. Following the acquisition, the chief financial officer directly owned 33,670 shares in the company, valued at approximately $500,672.90. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marc S. Lipschultz bought 69,663 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average cost of $15.06 per share, for a total transaction of $1,049,124.78. Following the completion of the purchase, the chief executive officer directly owned 79,000 shares of the company’s stock, valued at $1,189,740. The trade was a 746.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 395,670 shares of company stock worth $5,952,393. 27.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, October 21st. UBS Group started coverage on Blue Owl Capital in a research note on Thursday. They issued a “neutral” rating and a $18.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Blue Owl Capital in a research report on Wednesday, October 8th. Barclays decreased their price objective on Blue Owl Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Finally, Piper Sandler lowered their target price on shares of Blue Owl Capital from $23.50 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.50.

Blue Owl Capital Profile

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.